Exemplary CISOs are also able to address other key pain points that traditionally flummox good Cybersecurity programs, such as the relationships between developers and application security (AppSec) teams, or how cybersecurity is viewed by other C-suite executives and the board of directors. For AppSec relations, good CISOs realize that developer enablement helps to shift security farther to the so-called left and closer to a piece of software’s origins. Fixing flaws before applications are dropped into production environments is important, and much better than the old way of building code first and running it past the AppSec team at the last minute to avoid those annoying hotfixes and delays to delivery. But it can’t solve all of AppSec’s problems alone. Some vulnerabilities may not show up until applications get into production, so relying on shifting left in isolation to catch all vulnerabilities is impractical and costly. There also needs to be continuous testing and monitoring in the production environment, and yes, sometimes apps will need to be sent back to developers even after they have been deployed. 

The revised directive, developed with input from industry stakeholders and federal partners including the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Transportation, will “continue the effort to reinforce cybersecurity preparedness and resilience for the nation’s critical pipelines”, the TSA said. Developed with input from industry stakeholders and federal partners, including the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Transportation, the reissued security directive for critical pipeline companies follows the initial directive announced in July 2021 and renewed in July 2022. The TSA said that the requirements issued in the previous years remain in place. According to the 2022 security directive update, pipeline owners and operators are required to establish and execute a TSA-approved cybersecurity implementation plan with specific cybersecurity measures, and develop and maintain a CIRP that includes measures to be taken during cybersecurity incidents. 

"One particular cost that continues to have a major impact on victim organizations is theft/loss of intellectual property," Glenn J. Nick, associate director at Guidehouse, tells CSO. "The media tend to focus on customer data during a breach, but losing intellectual property can devastate a company's growth," he says. "Stolen patents, engineering designs, trade secrets, copyrights, investment plans, and other proprietary and confidential information can lead to loss of competitive advantage, loss of revenue, and lasting and potentially irreparable economic damage to the company." It's important to note that how a company responds to and communicates a breach can have a large bearing on the reputational impact, along with the financial fallout that follows, Mellen says. "Understanding how to maintain trust with your consumers and customers is really, really critical here," she adds. "There are ways to do this, especially around building transparency and using empathy, which can make a huge difference in how your customers perceive you after a breach. If you try to sweep it under the rug or hide it, then that will truly affect their trust in you far more than the breach alone."

“Developers need to fix bugs, address performance regressions, build features, and get deep insights about particular service or feature level interactions in production,” he says. That means they need access to necessary data in views, graphs, and reports that make a difference to their workflows. “However, this data must be integrated and aligned with IT operators to ensure teams are working across the same data sets,” he says. Sigelman says IT operations is a crucial part of an organization’s overall reliability and quality posture. “By working with developers to connect cloud-native systems such as Kubernetes with traditional IT applications and systems of record, the entire organization can benefit from a centralized data and workflow management pane,” he says. From this point, event and change management can be combined with observability instruments, such as service level objectives, to provide not only a single view across the entire IT estate, but to demonstrate the value of reliability to the entire organization.

In the next five years, I expect we may see a rise in new credit options and alternatives, such as “Predictive Credit Cards,” where AI anticipates a consumer’s spending needs based on their past behaviour and adjusts the credit limit or offers tailored rewards accordingly. Additionally, fintechs are likely to integrate Large Language Models (LLMs) and add AI to digital and machine-learning powered services. ... Through AI, consumers may also be able to access a better overview of their finances, specifically personalised financial rewards, as they would have access to tools to review all transactions, receive recommendations on personalised spend-based rewards, and even benchmark themselves against other cardholders in similar demographics or industry standards. Consumers may also be able to ask questions and get answers at the click of a button, for example, ‘How much debt do I have compared to your available credit limits?’ or ‘What’s the best way to use my rewards points based on my recent purchases?’ improving financial literacy and potentially providing them with more spending/saving power and personalised experiences in the long run.

IT Strategy is a plan to create an Information Technology capability for maximizing the business value for the organization. IT capability is the Organization ability to meet business needs and improve business processes using IT based systems. The Objective of IT strategy is to spend least amount of resources and generates better ROI. It helps in setting the direction for an IT function in an organization. A successful IT strategy helps the organizations to reduce the operational bottlenecks, realize TCO and derive value from technology. ... IT Strategy definition and implementation covers the key aspects of technology management, planning, governance, service management, risk management, cost management, human resource management, hardware and software management, and vendor management. Broadly, IT Strategy has 5 phases covering Discovery, Assess, Current IT, Target IT and Roadmap. Idea of IT Strategy is to keep the annual and multiyear plan usual, insert the regular frequent check-ins along the way. Revisit IT Strategy for every quarterly or every 6 months to ensure that optimal business value created.