| | APRIL 2023ENTERPRISE SECURITY8EMPOWERING CYBERSECURITY FOR BUSINESS SUCCESSBy Yaroth Chhay, Senior Vice President & Head of Information Security Division, ACLEDA Bank Plc.IN MY OPINIONA CISO's perspective, how do you collaborate and utilize cybersecurity value with your peers/stakeholders and influence the organisation?Today, manufacturers and most industries are investing in Industry 4.0 innovation and leveraging cutting-edge automation, AI, and hyper-connected infrastructure technologies to compete in a global market for their competitive business advantage.The increasing use of AI/ML/DL technologies and soaring demand for Cloud Computing, IoT (Internet-of-things) & EoT (Enterprise-of-things) devices are likely to strengthen market progress and modernize their digital products and services. Modern technologies are more vulnerable and expose critical services to cyber risks, leading to cyber attacks and could significantly disrupt the process of business transformation and business strategy. Hence, it requires high level of multiple security measures to manage and mitigate these risks into acceptable level of business risk appetite and consideration for alternative solutions to control the risk and enable critical business processes to move forward."Cybersecurity is everyone's responsibility and can NOT be a one-person/individual expert to show or FIX security alone, neither today nor tomorrow."What significant roles of CISO or Cybersecurity leaders come into play to enable business processes?In the last few years, CISOs or security leaders were only required to be technical experts, but the situation has changed. Now, the roles of a CISO is unique, dynamic, diverse and challenging. They are required to develop traits that go well beyond technological stack. In an organization, we are positioned to set a security strategy, operational and tactical security implementation, including cybersecurity and privacy and data asset protection, while ensuring that the cyber risk is kept at an acceptable level. Our ultimate goal is to ensure security and privacy compliance risks, are mitigated and maintained by securing and protecting the organization's critical business processes from security threats, data breaches and other cybersecurity events.
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