In recent years, cybersecurity has become a board-level issue resulting in several executives taking greater responsibility in cybersecurity-related decisions. As a result, the CISO is no longer a technical subject matter expert but an executive risk manager who shares a responsibility matrix with the board of directors, CEOs, and other executives to make informed risk decisions.
At the highest levels, these executives care about the organization’s revenue, mission, risk, and costs, leading to strategic questions about assurance, compliance, and security practices.
Recent years have highlighted the need for a robust Identity Security strategy to secure the business from modern-day threats and attacks. CyberArk’s upcoming Identity Security State of the Market survey indicates that in 2023, 81% of 1,500 respondents will exponentially increase their spending on Identity Security as part of their cybersecurity budget. This increased investment drives varied perceptions across C-Level executives and all other personnel, including other senior decision makers (VPs/directors/managers) and security practitioners.
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