Enterprise cybersecurity strategy: What a CIO needs to know

Digital transformation is leaving businesses exposed to more cyberattacks. At the MIT Sloan CIO Symposium, panelists explain how much cybersecurity expertise is expected of CIOs. With the global cost of cybercrime expected to reach $6 trillion by 2021, cybersecurity can't be an afterthought for businesses. As companies continue to implement new technologies to spur their digital transformation journey, devising an enterprise cybersecurity strategy has become paramount to address new vulnerabilities. With CIOs often driving enterprise digital transformation, how much knowledge should they have about cybersecurity? That was the question posed to panelists at the recent MIT Sloan CIO Symposium during a session titled CIO's Role in C-level Cybersecurity Leadership. It is imperative for CIOs to have a depth of knowledge in the cybersecurity space, primarily because they play a pivotal role in their organization's digital transformation journey, according to panelist Lance Weaver, vice president of product strategy and emerging services at Equinix.