Chief financial officers should bear ultimate responsibility for protecting the vital data and information residing within their organizations. No executive is better positioned than the CFO to take charge of this critical function, maintains Frank Teruel, chief financial officer of data security provider Vormetric, Inc.
Most organizations have traditionally delegated responsibility for deciding what data needs protection to members of its IT staff. But according to Teruel the CFO is the one who is best able to qualify and quantify the inherent value of data, determine where in the enterprise that sensitive data lives and calculate potential costs associated with breaches. The CFO is also best suited to take charge of strengthening the organization's internal control environment to ensure that all vital information remains secure.
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