3rd row Archives - Security IT Summit | Forum Events Ltd

3rd row

Nearly half of EMEA CIOs are shifting to co-owning digital leadership with their CxO peers

960 640 Stuart O'Brien
Forty-six per cent of CIOs in Europe, the Middle East and Africa (EMEA) are partnering with their CxO peers to bring IT and business area staff together to co-own digital delivery on an enterprise-wide scale.

That’s according to Gartner’s annual global survey of CIOs and technology executives, which has found that CIO’s relationship with their CxO peers is ‘reaching a different level’.

Daniel Sanchez-Reina, VP Analyst at Gartner, said: “CIOs who co-own efforts with their CxO peers to place the design, management and delivery of digital capabilities with teams closest to the point where value is created, are most effective at maximising digital investments.”

In this CIO-CxO co-ownership, also called democratization of digital delivery, the CIO acts as a franchiser of technology within their organization.

Gartner analysts presented the survey findings during Gartner IT Symposium/Xpo, taking place here through Thursday. The 2024 Gartner CIO and Technology Executive Survey gathered data from 2,457 CIO respondents in 84 countries and all major industries, representing approximately $12.5 trillion in revenue/public-sector budgets and $163 billion in IT spending. In EMEA, 917 CIOs participated in the survey, representing nearly $3.9 trillion in revenue and $66 billion in IT spending.

“Consciously or unconsciously, CIOs have already been laying the foundation for democratized digital delivery with technologies such as low-code platforms,” said Sanchez-Reina. In EMEA, 66% of CIOs said they have deployed or plan to deploy low-code platforms in the next 24 months. Artificial intelligence (AI), which 72% of EMEA CIOs say will be a game-changing technology in the next three years (29% for generative AI), will also rapidly advance the democratization of digital delivery beyond the IT function.

The survey revealed that CIOs’ top areas for investment in 2024 include cybersecurity, data analytics and AI (see Figure 1).

Figure 1. EMEA CIOs’ Expected Change in Technology Investments in 2024

Source: Gartner (November 2023)

CIOs who franchise IT ‘by design’, which is through co-leading, co-delivering and co-governing digital initiatives with their CxO peers, perform significantly better at general IT management activities, such as executive leadership development and digital business strategy.

“Franchiser CIOs are breaking down the barriers of IT, allowing other business units to produce IT beyond using it,” said Sanchez-Reina. “Those business units participate in the IT delivery responsibility and are accountable for the success of their own IT applications and systems they produce. Such participation in technology production goes from managing to implementing and building technology initiatives.

“This shows that the distinction between what is “IT” and what is “business” is becoming virtually impossible.”

There is no one pattern for franchised digital delivery. Several factors such as the enterprise culture and CEO sponsorship will influence the design and inner workings of the franchise model and the ways in which CIOs and their CxO peers engage. Above all, the CIO must coach their business partners on the journey, offering advice and frameworks, and brokering the internal and external connections they need to successfully co-own digital delivery.

“The payoff of modeling CxO-CIO partnerships for digital delivery on a franchise model is substantial,” said Sanchez-Reina. “CxOs who embrace this franchise model are twice as likely to meet or exceed expectations from digital investments, compared with those who don’t embrace it.”

Photo by ThisisEngineering RAEng on Unsplash

MALWARE MONTH: Emerging malware trends and how the UK’s CISOs are having to adapt

960 640 Stuart O'Brien

The cybersecurity landscape is being shaped by sophisticated and evolving malware threats on a weekly and even daily basis. Chief Information Security Officers (CISOs) are on the front lines, adapting to these emerging challenges with innovative approaches to protect corporate assets.

One of the most concerning trends is the rise of ransomware-as-a-service (RaaS), allowing even low-skilled cybercriminals to launch devastating attacks. For instance, the 2021 attack on the NHS systems highlighted vulnerabilities in public sector security and showcased the crippling effect of ransomware. CISOs must now consider the possibility of insider threats or inadvertent aid from employees to such external attackers.

The emergence of polymorphic and metamorphic malware, which can alter its code to evade detection, has demanded more dynamic and proactive detection mechanisms. Traditional signature-based defenses are no longer sufficient. CISOs are pivoting towards deploying advanced heuristics, behavior analytics, and machine learning algorithms that can anticipate and neutralize threats before they crystallize into attacks.

Additionally, the proliferation of IoT devices has expanded the attack surface dramatically. The 2020 breach of a UK-based energy provider through an IoT device served as a wake-up call. It has prompted CISOs to enforce stringent security protocols and integrate IoT device management into their overall security framework.

The trend of remote work, accelerated by the COVID-19 pandemic, has also introduced novel vulnerabilities. Cybersecurity hygiene for remote employees has become a top concern, with CISOs having to extend corporate security measures to home networks and personal devices through virtual private networks (VPNs), endpoint protection, and zero-trust models.

State-sponsored malware, targeting critical national infrastructure, has added a geopolitical dimension to the CISO’s role. The UK’s National Cyber Security Centre (NCSC) has flagged several such threats, necessitating public-private partnerships for shared intelligence and coordinated responses to these sophisticated threats.

In response to these challenges, CISOs are focusing on creating a robust cybersecurity culture within their organisations. This involves regular training and drills, phishing simulations, and promoting awareness about the latest malware trends among all employees. Emphasising the human factor is crucial, as a single lapse can lead to significant breaches.

CISOs are also adopting integrated security platforms that offer a unified view of the organisation’s security posture. By leveraging Security Information and Event Management (SIEM) systems, they can correlate data from various sources to identify potential threats quickly. Furthermore, advanced threat hunting teams are being employed to proactively scour networks for signs of compromise.

As malware continues to evolve, so must the strategies of CISOs. The modern CISO must not only be a technical expert but also a savvy business leader who can articulate the risks and required investments to stakeholders. They must ensure that cybersecurity is not seen as just an IT issue but as a pivotal part of the organisation’s overall risk management strategy. Through collaboration, innovation, and a relentless focus on education and culture, UK CISOs are reshaping their organisations to withstand the threats of tomorrow.

Are you searching for Anti-Malware solutions for your company or organisation? The Security IT Summit can help!

Photo by Ed Hardie on Unsplash

SAVE THE DATE: Security IT Summit – June 2024

960 640 Stuart O'Brien
Couldn’t join us at this week’s Security IT Summit? The next event will take place in London next June – both live and virtual attendance options will be available!

25th June 2023 – Hilton London Canary Wharf – Booking form (flexible attendance options)

Benefits of attending include: 
  • Receive a bespoke itinerary of relaxed, 1-2-1 meetings with innovative and budget savings suppliers who you would like to meet and those who match your requirements.
  • Access to a series of live seminar sessions led by industry thought-leaders
  • Lunch & refreshments throughout
  • Unparalleled networking with like-minded peers, who share your challenges
Register today!