Page 127 - Cyber Defense eMagazine July 2024

When CIOs and CFOs Align, Businesses Thrive

By Martin Greenfield, CEO of Quod Orbis

The C-suite drives business strategy and shapes a company’s future. Communication and alignment
between key players are paramount, yet silos still persist particularly between two crucial roles: the Chief
Financial Officer (CFO) and the Chief Information Officer (CIO).

As the guardians of financial performance, CFOs prioritise the company’s bottom line above all else.
Meanwhile, CIOs are entrusted with the responsibility of achieving technological objectives to enhance
operational efficiency and conveying the intricacies of digital security to the board. Historically, these two
executive positions have worked side by side with minimal interaction.

However, the current business landscape necessitates a shift towards collaboration. As threats to
corporate assets escalate and attack methods grow increasingly sophisticated, CIOs require advanced
tools and technologies to keep pace. Yet, this demands support from the entire organisation. The
challenge arises when the CFO and other board members lack awareness of the magnitude of risk,
potentially leading to discord.

Cyber Defense eMagazine – July 2024 Edition 127
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