Chief Risk Officers needed to battle rising corporate espionage

A growing number of organizations are adding a new member to the C-suite—the chief risk officer (CRO)—and the rise of these executives is having a direct impact on the security programs at enterprises.

“Corporate espionage, terrorism and cyber attacks are ratcheting up the need for senior executives who understand all aspects of risk management and security,” says Jeremy King, president of Benchmark Executive Search, a provider of technology executive search services.

“Many companies are finally awakening to how destructive security breaches of all types can be—from physical damage and real costs to reputation loss and customer recovery,” King says. “Previously siloed risk-management functions must be reinvented, strengthened, and funded more aggressively. Industry must re-evaluate its approach to risk management, and success will require unprecedented cooperation from board directors and those in the C-suite.”

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