Chief Financial Officer. It’s a heady title, and we know the responsibility it carries. CFOs are responsible for managing the company’s finances from top to bottom, in fact. However, the role has been evolving in recent years -- making the connection between finance and IT stronger than ever.
As an IT Asset Manager, you’re fully engaged with boots on the ground. If it’s got an asset tag or a license, chances are you’re responsible for it. Not just in terms of managing the asset from acquisition to disposal, but also forming long term strategies and working across departments. Your role is also becoming more demanding than ever before.
Last year was a turbulent and fast moving one, especially for professionals in the security space. Tightening regulations on data security and compliance as well as new legislation (such as the passing of GDPR) were only part of the shift in landscape.
The CISO’s new focus: risk management
The role of the information security officer or CISO has been changing rapidly as well. No longer as focused on the direct management of IT security technologies and implementation, the role has expanded to something much broader: risk management across the organization.
As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” This can be especially true today, secure data destruction of end-of-life and re-marketed assets becomes imperative.
A company’s brand is among its most valued and most vulnerable asset in today’s ITAD industry. In fact, reputation-linked losses at public companies have increased by 301 percent over the past five years, according to a study by Steel City Re. When it comes to your brand, extensive measures should be taken to keep the company’s data private and secure.