FP & A Innovation Summit in San Diego
major email providers including Hotmail , Yahoo , and Gmail .
Such is the threat posed by hackers , the past year has seen cyber security increasingly fall under the purview of the CFO . A recent Grant Thornton survey of 912 CFOs found that 38 % of respondents identified the CFO as the position most often responsible for cybersecurity , while 44 % of finance leaders said they felt the most significant concern for their organization today is cybersecurity and 57 % said undetected breaches were what worried them the most .
The logic behind giving the CFO oversight of cybersecurity is clear . They control some of the most sensitive and important data found within organizations , spanning revenues , profits , investments , and acquisitions . AICPA Vice President of CGMA External Relations , Ash Noah , notes that : ‘ The finance function has a unique view into the complexities of the business , as well as an in-depth understanding of the industry , markets and risk climate , yielding important insights for a company ’ s strategic direction . As the finance function continues to evolve to become more business-centric , it ’ s critical for finance executives , from the CFO down , to play a driving role in preparing for and addressing potential cyber-risks for the longterm growth of the company .’
IoT The Internet of Things ( IoT ) has been threatening to explode for a number of years now . Estimates
34 January 2017