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Many startups – and small businesses, for that matter – don’t invest in a chief information security officer (CISO) or equivalent. In fact, recent research from Navisite demonstrates the small business cybersecurity leadership gap, noting in its “The State of Cybersecurity Leadership and Readiness” report [subscription required]:
“When evaluating the lack of cybersecurity leadership by size of organization: the smaller the organization, the more likely that organization is operating without a CISO/CSO. Among the largest enterprises with 5,000 or more employees, only 10% indicated they did not have a CISO/CSO, compared to mid-sized organizations at 52% and small organizations at 64%.”
If you’ve spent any time in the startup or small business world, this likely won’t come as a surprise to you. Companies of this size are focused on one thing: getting their product or service to market as quickly and efficiently as possible. Time, resources and budgets are devoted to product/service development and go-to-market (GTM) strategies, leaving cybersecurity as an afterthought.
And, cybersecurity often becomes an after-the-fact “add-on” because many companies mistakenly view it as a cost center and business inhibitor rather than what it has the potential to be: a profit driver.
But, you should know that if you’re running a startup or small business but not investing in a CISO, you’re doing your company more harm than good.
Making cybersecurity a profit driver
CISOs can be a profit driver for businesses just by keeping them safe from cyberattacks. Today, startups and small businesses are just as much a target for attacks as large enterprises. And, regardless of company size, the aftermath can be devastating – financial loss, customer loss, damaged reputation and much more.
In fact, in the wake of an attack, many companies of this size go out of busin …