Cybersecurity expertise will be essential on corporate boards, says George Kurtz
- George Kurtz advocates for CISOs to join corporate boards as cyber risk becomes essential to governance.
- The demand for board members with cyber expertise is increasing as companies face evolving digital threats.
- CISOs must enhance their business skills to secure board positions, as more boards prioritize cybersecurity knowledge.
In recent discussions surrounding the future of corporate governance, George Kurtz, CEO of CrowdStrike, emphasized the critical need for Chief Information Security Officers (CISOs) to have a voice in corporate boardrooms. He articulated that, over the next decade, every public company is likely to have a CISO represented on its board or risk regretting the absence of such expertise. This shift reflects the growing recognition that cyber risk is no longer an isolated compliance concern but a substantial governance issue that requires broad understanding and strategic foresight. Historically, board memberships have been dominated by professionals with backgrounds in finance, law, or traditional industries, often with close ties to company leadership. However, Kurtz pointed out that since the early 2000s, the profile of board members has evolved. Companies are increasingly seeking professionals who possess knowledge in cybersecurity and technology as they recognize these areas' significance in mitigating risks and driving business strategy. This necessity for cyber expertise highlights the transformation of boardroom dynamics, where cybersecurity proficiency is becoming a fundamental requirement. Kurtz also stressed the critical competencies required for today's CISOs beyond technical skills. He argued that such leaders must become business-oriented executives, with a solid grasp of financial reporting, corporate governance, and strategic business practices. This evolution means that CISOs should be adept at communicating in terms familiar to board members, including discussions around time, money, and legal risks associated with data security and technology investments. Concluding his remarks, Kurtz urged CISOs to take proactive steps in preparing for board roles. He encouraged them to evaluate their business acumen and governance understanding, identifying areas where they may need improvement. He conveyed a sense of urgency for these leaders to step forward, highlighting that boards are actively seeking individuals willing to take on these critical positions. As the landscape of corporate governance continues to change, the demand for security leadership within the boardroom is poised to grow significantly.