Working closely with CISOs, chief financial officers can become key players in protecting their organizations' critical assets and ensuring long-term financial stability.

Cybersecurity has spurred many changes in the past five years, from the technology and tools needed to protect an organization from cyberattackers to the skill sets required by IT professionals. The consistent and ongoing ripple effect has also influenced organizational roles and responsibilities. Arguably, one of the most dramatic shifts has been the role of the chief financial officer (CFO).

Today's CFOs must be collaborative leaders, willing to embrace an expanding role that includes protecting critical assets and securing the bottom line. To do this, CFOs must work closely with chief information security officers (CISOs), due to the sophistication and financial impact of cyberattacks. Financial professionals understand data flows and financial processes, while security professionals know the latest cyber threats and best practices to combat those threats. Combining this expertise results in more informed technical investments, faster detection of anomalies, and stronger overall cybersecurity measures.