The Chief Security Officers of Facebook, Twitter and Google all are leaving their companies, in the same week that Facebook announced that a researcher at Cambridge Analytica, who worked for the Trump campaign, got hold of data on 50 million users.
The job of CISOs and CIOs is becoming more critical and risky. The Security vulnerability due to internal employee and company data being compromised is increasing at an alarming rate. More and more personal information going on internet and to service providers has been used by consumer product and service companies, sometimes with no limits. For example: Companies that are in the business of giving out loans are openly obtaining data from your mobile phones about your credits, salaries and other private data.
All these have helped companies in reducing risks of doing business and increasing sales. Unfortunately all predictions are that the negative fallout of all this is around the corner. While Europe is bringing in GDPR and other Western Countries are getting to control data privacy, developing economies like India are in a pathetic situation with little action has been initiated so far.
The impact of the incoming fallout unfortunately will be borne by CIOs & CISOs. As it is, they are struggling with being given not enough listening and budgets.