Security News
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Recently, LastPass appointed Asad Siddiqui as its CIO. He brings over two decades of experience leading startups and large technology organizations. A top challenge for CIOs is cybersecurity and privacy, ensuring that we keep ahead of bad actors as they continue to adjust their attack methods and protect vast amounts of data while adhering to strict privacy regulations such as GDPR and CCPA. In addition to cybersecurity, AI, data management, and governance, we are driving digital transformation and innovation, controlling SaaS sprawl and spending, and recruiting and retaining skilled IT professionals, all of which present significant challenges for CIOs.
The immense amount of time IT leaders are spending on IT support is even more shocking given that 46% of respondents say that they are already in an advanced state of AI adoption with AI already prevalent throughout their organization. While security is a priority for IT leaders at large, just how important it is differs significantly across IT leadership.
Today's CIOs have evolved from managing IT infrastructure and ensuring systems' efficiency to becoming key business strategists, according to IDC. They stand at the intersection of technology and business, leveraging innovations to shape organizational directions, create value, and boost revenue for the company. As they move their organizations toward the goal of becoming a digital business, they are grappling with pressing challenges such as optimizing IT investments, fortifying cybersecurity, and driving innovation through generative AI. IDC expects companies to expand their digital business capabilities further as they seek to gain competitive advantage and CIOs will play a crucial role in the success of these efforts.
"To successfully lead digital transformation initiatives, CIOs must co-own efforts with business leaders to place the design, delivery and management of digital capabilities with teams closest to the point where value is created." CIOs have already been laying the foundation for democratized digital delivery with technologies such as low-code platforms, which 64% of CIOs said they have deployed or plan to deploy in the next 24 months.
Boards should prioritize conversations around how an organization can modernize their technology infrastructure, leveraging architectures where security is built in, not bolted on, to drive better security, agility, and efficiency. How can boards balance fostering innovation and ensuring that security remains a priority throughout the organization's initiatives?
Last October, Pennsylvania State University was sued by a former chief information officer for allegedly falsifying government security compliance reports. Following a meeting in June 2022, he recounts "Penn State had never reached actual DFARS compliance and thus had been falsely attesting to compliance since January 1, 2018.".
Despite economic obstacles and constraints on IT budgets, global CIOs maintain a positive outlook on the potential of technology to provide significant benefits for their organizations, according...
48% of CIOs are more likely to prioritize innovation in new technologies over optimizing their current tech stack. "The job of the CIO has never been more demanding, and the findings indicate they are taking increasing risks in response. The more complex the technology landscape, the more challenging it is for the CIO to enact organization-wide digital transformation and prioritize initiatives and investments that will deliver business outcomes," said Ken Wong, President of Lenovo Solutions and Services Group.
Budgets expected to increase despite economic concerns. Foundry's research shows that CIOs are optimistic about budgets going into 2023, despite the state of the economy.