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How CFOs and development teams can work together to mitigate cyber risk

Published by Jessica Weisman-Pitts

Posted on May 12, 2022

1 min read

· Last updated: February 23, 2026

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Businessman using tablet to enhance data security and mitigate cyber risk - Global Banking & Finance Review
An image depicting a businessman interacting with a tablet, symbolizing the collaboration between CFOs and development teams to strengthen cyber risk management in finance.
cybersecurity risk management financial services technology collaboration
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By Ken MacAskill, CFO, Snyk The role of the CFO has changed significantly in our lightning-speed, digitally-transformed world. While the main responsibilities were once internally focused—balancing books and checking overhead costs—now many CFOs are finding their seats at the cybersecurity table. This focus on cybersecurity is incredibly important as it impacts on the productivity and […]

How CFOs and Dev Teams Partner to Reduce Enterprise Cyber Risk

Aligning Finance and Engineering to Tackle Cyber Risk

By Ken MacAskill, CFO, Snyk The role of the CFO has changed significantly in our lightning-speed, digitally-transformed world. While the main responsibilities were once internally focused—balancing books and checking overhead costs—now many CFOs are finding their seats at the cybersecurity table. This focus on cybersecurity is incredibly important as it impacts on the productivity and […]

Key Takeaways

  • CFOs now play an active role in cybersecurity strategy and governance.
  • Tight collaboration with development teams embeds security into the SDLC.
  • Shared KPIs (e.g., MTTR, patch cadence, vuln remediation rate) align priorities.
  • Budgeting for DevSecOps tools and training reduces long‑term breach costs.
  • Clear ownership, playbooks and joint drills speed incident response.

Frequently Asked Questions

What is cybersecurity?
Cybersecurity refers to the practices and technologies designed to protect computers, networks, and data from unauthorized access, attacks, or damage.
What is risk management?
Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings.
What are financial services?
Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.
What is technology in finance?
Technology in finance refers to the use of software, hardware, and digital platforms to improve financial services and operations.
What is collaboration in business?
Collaboration in business involves working together with others to achieve common goals, often enhancing productivity and innovation.

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