Evaluating business opportunities versus security risks

The ever-evolving role of a CISO has seen this executive role get more management responsibilities to a point they can only be seen as part of management. Among these evolving and new roles is the evaluation of business opportunities vis-à-vis the respective security risks. Every business opportunity, however lucrative it may seem, comes with its share of risks. Some business opportunities carry with them far higher risks compared to others. Unfortunately, a majority of high-risk business opportunities are also the most promising in terms of potential rewards to the company. Investing in high-risk business opportunities is a perilous strategy that is highly likely to sink a business. However, balancing risks is a delicate venture that can ensure a business thrives. Risk management, therefore, is a critical management role in which security leaders such as a CISO play an integral role. While other managers may consider other...