Why CIO & CISO Collaboration Is Key to Organizational Resilience

June 12, 2024

22 3 minutes read

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COMMENTARY

With an increasingly complex threat landscape and the progression of threat-actor tactics, effective cybersecurity is non-negotiable. At the same time, staffing challenges and an uncertain economy have made it increasingly challenging to manage your attack surface and keep would-be threat actors at bay.

That’s not for lack of effort — or expenditure. Gartner forecasts that the world will spend $215 billion on risk management and cybersecurity in 2024. That’s a 14% increase over 2023. Gartner expects that expenditures for IT will reach a whopping $5.1 trillion in 2024.

Amid all this, companies are striving for disruptive innovation and progress while keeping a close eye on budgets. Many workers are feeling spread thin, with more data and endpoints than ever and not enough qualified talent to be found. As a chief information officer (CIO), I can attest that I’ve seen this crunch particularly within the global IT space. This is not a good moment for IT to be stressed out and overworked. The stakes are simply too high.

So, how can organizations mitigate threats while maintaining momentum?

It’s time to finally break down the silos between IT and security. That starts by fostering alignment between the CIO and chief information security officer (CISO).

Streamlined, Secure — or Both?

Individually, CISOs and CIOs are powerful forces with a lot on their plates — and a lot on the line. Together, they could be unstoppable. However, historically, organizational structures have relegated CISOs and CIOs to separate domains with distinct — and occasionally contradictory — objectives.

Access, Please: The CIO Imperative

For many CIOs, it’s common to be focused on streamlining and efficiency, especially given staffing challenges. Additionally, CIOs and IT teams work to ensure continuous access to optimized tools that help employees get their jobs done. Sixty-one percent of IT professionals admit that negative technology experiences directly impact their morale, underscoring the palpable connection between tech efficiency and employee engagement.

Lack of access to the right tools can contribute to “shadow IT.” Conversely, streamlined, efficient operations enhance speed and elevate the digital employee experience.

Standing Guard: The CISO Imperative

Meanwhile, my peers in the CISO role dial in to ensure organizations are as secure as possible. This is a critical and constantly moving target, as threat actors continue to find new avenues of attack. Effective cybersecurity prevents all manner of problems, ranging from the inconvenient (unexpected downtime) to the catastrophic (a major breach).

I have an enormous amount of respect for the CISO role, as should everyone impacted by security. (And that’s all of us.) In 2022, the average cost of a single data breach was $4.5 million — not counting ransomware costs. Meanwhile, nearly 87% of businesses grapple with a shortfall in IT security staff. This talent crunch severely threatens organizations’ defenses against evolving cyber threats.

Exploring the Overlap

Both CIO and CISO roles seek to optimize business outcomes, though we often take differing approaches. “Streamlined” and “secure” are frequently mutually exclusive, particularly if your organization lacks the right tools.

There are several areas impacting both IT and security. Just two include:

Influx of devices and data: It’s anticipated that more than 180 zettabytes of data will be floating around by 2025. If you thought we were already facing a data firehose, you haven’t seen anything yet. The more data produced, the more streamlined operations must be to manage relevant data effectively — and the more importance must be placed on data protection.

Shifting work environments posing challenges: The mix of remote, hybrid, and in-person work environments — plus the increasing reliance on personal devices used to access company data — makes things more challenging for both IT and security.

Problems like these aren’t theoretical — they’re real. According to Duke University research, “more than 80 percent of U.S. companies indicate their systems have been successfully hacked in an attempt to steal, change or make public important data.” Meanwhile, the digital employee experience is more critical than ever in the battle to attract, engage, and retain top talent — so any tools and policies must be user friendly and secure.

I like to think of these challenges as shared opportunities.

Unlock the Collaborative Potential of CIOs and CISOs

This is where alignment comes in. IT and security may have been siloed, but that could change. The past few years have shown change is not only possible but essential for survival.

Breaking down the silos between your IT and security leaders doesn’t diminish their roles, it elevates them.

Collaborative IT and security leaders, and their teams, enjoy the benefits of: