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XYZ is a publicly-traded software development company.
Who is ultimately accountable to the shareholders in the event of a cybersecurity breach?
Suggested Answer: C
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33 comments · newest first
VA
Vallie
11 months ago
The CIO is more about software, not really the face for accountability.
BE
Bethanie
11 months ago
Wait, are we sure it's not the CFO? They handle finances too!
MA
Magda
12 months ago
Agreed, the CEO has the final say in these situations.
RU
Rupert
12 months ago
I think the CISO should take the heat for breaches, though.
MA
Malcolm
1 year ago
It's definitely the CEO who is accountable to shareholders.
PI
Pilar
1 year ago
I feel like the CFO might have some accountability in financial reporting after a breach, but the CEO seems like the right answer overall.
FL
Fletcher
1 year ago
I’m a bit confused about the roles. I thought the CISO would be responsible for cybersecurity, but does that mean they are accountable to shareholders?
MA
Marg
1 year ago
I remember a practice question where the CEO was mentioned as the key figure in accountability for breaches. That seems to fit here as well.
ED
Edison
1 year ago
I think the CEO is ultimately accountable to the shareholders, but I’m not completely sure if the CISO has some responsibility too.
JE
Jeannine
1 year ago
I've got this! Breakeven is when profit is zero, so that's option B. And it's also when contribution equals zero, which is option A. Those are the two correct answers.
AL
Alison
1 year ago
I'm a bit confused by the wording of this question. The statement of responsibilities and common body of knowledge? I'll have to read it over a few times to make sure I understand what they're asking.
LI
Lillian
1 year ago
This looks like a straightforward question about Cisco's Collaboration Portfolio. I'm pretty confident I can figure this out.
DA
Darell
1 year ago
Hmm, I'm a bit unsure about this one. I know segregation of duties is important for fraud prevention, but I'm not sure if the other options are all good practices. I'll have to think this through carefully.
TO
Toi
1 year ago
The CEO, of course. Who else is going to take the fall when the shareholders start throwing rotten tomatoes? I bet the CISO is already updating their resume.
EL
Elliot
1 year ago
The CISO may be updating their resume, but it's the CEO who will have to face the music in the end.
HO
Howard
1 year ago
I agree, the CEO is ultimately responsible for the company's overall performance and security.
SH
Shawnda
1 year ago
The CEO is definitely the one who will have to answer to the shareholders. It's a tough position to be in.
HA
Hassie
1 year ago
Hmm, tricky one. I'd go with the CEO, but I bet the CFO is secretly hoping the blame lands on the CIO. 'Not my fault, I'm just the money guy!' *wink wink*
DE
Detra
1 year ago
True, everyone tries to protect themselves in a crisis.
IS
Isreal
1 year ago
But the CFO might try to shift the blame to the CIO.
MI
Michell
1 year ago
Yeah, the CEO is usually the one who takes the fall.
FL
Fletcher
1 year ago
I think the CEO is ultimately accountable.
WE
Weldon
1 year ago
True, everyone tries to protect themselves in a crisis.
JE
Jennifer
1 year ago
But the CFO might try to shift the blame to the CIO.
KA
Kanisha
1 year ago
Yeah, the CEO is usually the one who takes the fall.
AI
Aide
1 year ago
I think the CEO is ultimately accountable.
CA
Carin
2 years ago
I'd say the CISO. They're the one in charge of the company's cybersecurity strategy and implementation. If there's a breach, it's their head on the chopping block, not the CEO's.
SE
Serina
1 year ago
But ultimately, the CEO is accountable to the shareholders for any major issues.
DE
Dean
1 year ago
I agree, the CISO is directly responsible for cybersecurity.
CH
Chi
2 years ago
Definitely the CEO. They're the one who sets the tone and is ultimately responsible for the company's security posture. The other options are just playing a supporting role.
JO
Jovita
2 years ago
But shouldn't the CISO also be accountable for cybersecurity breaches?
JE
Jerry
2 years ago
I agree with Maira. The CEO is responsible for overall company performance.
MA
Maira
2 years ago
I think the CEO is ultimately accountable to the shareholders.