Source: Fortune
Summary
As the U.S.–Iran conflict escalates, CFOs face increased risk of cyberattacks on their systems, vendors, and service providers. Joy Mbanugo, CFO of CXApp Inc., emphasizes the importance of investing in cybersecurity, treating vendor cyber risk as a material enterprise risk, and integrating resilience assessments into the framework. J. Michael Daniel, president and CEO of the Cyber Threat Alliance, stresses the need for CFOs to maintain continual diligence in cybersecurity and communicate clearly with the board about managing financial risk.
Our Reading
The numbers tell one story.
CXApp is integrating resilience assessments into its framework, updating incident playbooks, and aligning insurance coverage with vendor exposure. CFOs are advised to treat cybersecurity as a core risk discipline, not a technical footnote. The Cyber Threat Alliance recommends a “Take Nine” campaign, encouraging employees to take nine seconds to verify requests before responding.
The CFOs who fare best will be the ones who can explain, in plain English, how they are managing financial risk for the company.
Author: Evan Null
