Recruit Chief Information Security Officer To Help Your Firm Meet 2023 SEC Rules

Aug 25, 2023

Global recruitment firm Recrewmint Inc. retained cybersecurity recruitment services to identify potential CISOs and other cybersecurity leaders. These skills will be sought after in coming months as companies strive to meet new regulations enacted by the U.S. Securities and Exchange Commission.

Both data breaches and their associated costs are on the rise, according to industry reports. And new regulations just enacted by the U.S. Securities and Exchange Commission are raising the stakes even higher.

In 2023, the global price tag for a data breach topped $4.45 million on average, according to a recent report by IBM. This represents a 15 percent hike in associated costs over the past 15 years. In some U.S. cases, costs topped $9 million, according to the report. Companies can't afford to ignore numbers like these.

And they can't do so legally, either. On July 26, the SEC formally mandated firms that register with the body to begin reporting material cybersecurity incidents. It also enacted rules requiring firms to release details of their cybersecurity risk governance and management strategy annually.

With decisions like these, robust, proactive cybersecurity management becomes more critical than ever for top-tier companies. Recrewmint Inc., a global recruitment firm, is uniquely suited to identify qualified chief information security officers and other cybersecurity leaders.

Company executives and members of boards of directors who need to shore up their cybersecurity divisions can learn more at https://recrewmint.com/hiring-a-chief-information-security-officer-sec-rule

The new SEC requirements reinforce the reality that chief information security officers aren’t simply IT security experts. Today, CISOs must also be adept with finance, legal concerns, and privacy, as well as recruitment and retention of cybersecurity team members. And Recrewmint Inc.'s retained cybersecurity recruitment services can help you find the leadership you need.

Recrewmint Inc.’s proven strategies give clients an edge in the competitive process of hiring qualified cybersecurity professionals. Because the firm respects both clients and potential candidates, it strives to provide a shortlist of exceptional possibilities rather than a parade of lackluster options. Principles such as confidentiality, grit, teamwork, and stewardship guide every step of the process.

Additional provisions of the SEC ruling require companies to disclose material impacts or expected effects of reported cybersecurity incidents - unless the U.S. Attorney General determines these disclosures would create national security or public safety risks. Other new rules require boards to detail their oversight of risks, as well as show management’s responsibilities and experience in cybersecurity dangers.

Companies contemplating CISO hires to shore up security shouldn’t drag their heels when contacting Recrewmint Inc. - firms must comply with many new provisions in annual reports for fiscal years ending on or after December 15, 2023. Smaller companies may have an extra 180 days to comply with many of the provisions.

Based in the greater Toronto area, Recrewmint Inc. specializes in recruiting for high-profile positions such as CISO, vice president of information security, director of information security, and other cybersecurity leaders. The company was founded in 2019 and works both on the placement and hiring sides to match top cybersecurity talent and opportunities to protect clients and the global community from threats.

If you'd like to learn more about the services the firm offers, visit https://recrewmint.com

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