CIOs play a role in responding to cybersecurity regulations

Data breaches increased by 20% from 2022 to 2023, leading governments worldwide to react with cybersecurity regulations, according to professor of information technology at MIT, Stuart Madnick. The penalties for violating these can be severe. These regulations, affecting CIOs, include requiring a comprehensive software inventory, implementing cybersecurity measures in design stages, prohibition on ransomware payments, strict data governance rules, and obligatory reporting of cybersecurity incidents.