Some of the largest U.S. companies are looking to hire cyber security experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly worried about hacking threats.
JPMorgan Chase, PepsiCo, Cardinal Health, Deere, and The United Services Automobile Association (USAA) are among the Fortune 500 companies seeking chief information security officers (CISOs) and other security personnel to shore up their cyber defenses, according to people with knowledge of the matter.
While a CISO typically reports to a company’s chief information officer (CIO), some of the hiring discussions now involve giving them a direct line to the chief executive and the board, consultants and executives said.
After high-profile data breaches such as last year’s attack on U.S. retailer Target, there is now an expectation that CISOs understand not just technology but also a company’s business and risk management.
“The trend that we are seeing is that organisations are elevating the position of the CISO to be a peer of the CIO and having equal voice associated with resource priorities and risk decisions,” said Barry Hensley, executive director at Dell SecureWorks’ Counter Threat Unit.
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