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Could a Cybersecurity Breach Get You Fired?

As cybersecurity becomes a priority for managing business risk, C-level executives are being held accountable for cybersecurity weaknesses in their organization. With the recent deluge of high-profile breaches, CEO tenure is now at risk based cybersecurity regulationson the effective control and protection of corporate assets.

A cybersecurity hack could ruin a company. Board members (and stockholders) are putting the onus on the CEO to hire the right technology advisor and deploy the proper  cybersecurity protection. Recently, the CEO of FACC, an Austrian company, was fired after 20 years of service because of a cybersecurity breach that cost the company over $50 million. It is clear that when a cybersecurity breach results in a large financial loss, someone will be held accountable, and it is becoming clear that stockholders and board members will not have much tolerance for an executive that allows a breach to happen.

Executives must protect the business to protect their careers, which requires demonstrating good judgement, practicing due diligence, and making a “reasonable effort” to prevent damage to the company via cybersecurity breaches or other malfeasance.

ACE IT Solutions helps CEO, CIOs and other C-level executives manage cybersecurity risks. We’ve structured our cybersecurity program to stay ahead of — and effectively respond to — cyber threats and their diverse, multi-faceted attacks. ACE IT Solutions highly-effective security services and tools that can be mixed and matched according to each business’ specific needs.

We recommend the following resources for C-level executives looking for cybersecurity guidance:

Cybersecurity Risk Management Framework

When it comes to IT security, one size does not fit all. ACE IT Solutions and our cybersecurity business partners are experts at assessing and managing risk. View our Risk Management Framework for details about the cybersecurity solutions we offer to help executive manage cybersecurity risk.

Cybersecurity Playbook

Download our cybersecurity playbook to learn which solutions should be included by every organization as part of a holistic approach to cybersecurity.

Best Practices for Cybersecurity Preparedness

This whitepaper identifies standards and best practices relative to cybersecurity, which businesses can use for guidance as a framework to implement a thoughtful approach to security throughout their entire organization.

Additional Resources

Read more cybersecurity thought leadership here.

Contact ACE IT Solutions at 646.558.6358 or to schedule a cybersecurity assessment. We can help you understand your risks and how best to control them.

 

 

8 Tips for Improving Your Business’ Security Posture

Cybersecurity doesn’t have to be expensive or complicated, but it must be given the proper attention. Security is no longer an optional service. It should be woven into every aspect of a business’ technology infrastructure and it requires attention on every level — from employees to c-level executives. Implement these simple strategies to help protect… Continue Reading

ACE IT Solutions Nominated for Five Hedge Fund Technology Awards

ACE IT Solutions has been nominated as a finalist for five HFMWeek 2017 US Hedge Fund Technology Awards, including: Best infrastructure provider (read more) Best IT consultancy service (read more) Best IT service for small and start-up firms (read more) Best security solution (read more) Best overall technology firm – client service​ (read more) The 2017 US… Continue Reading