Most CFO’s are not directly involved in IT or security in IT, except possibly when reacting to an incident like a security breach. However, PERRY HUTTON of Fortinet believes that CFOs need to become more hands on when setting out IT budgets and motivating them.
Recessions may eat into enterprise budgets as a whole, but information security stands alone in enjoying increased budget allocation, thanks to CFOs who see the returns inherent in mitigating risk, says security specialist Fortinet.
Perry Hutton, Regional Vice President – Africa at Fortinet, says CFOs in South Africa’s largest enterprises typically don’t get involved in IT spend, beyond approving the CIO’s budget. “We don’t usually meet with CFOs, particularly in the large enterprises. Our top 120 to 140 enterprise customers are well structured, with very knowledgeable CIOs or CISOs in place who manage the information security spend, supporting their budgets with clearly laid-out business benefits and returns. Their CFOs are typically tech-savvy and – more importantly – aware of the potential costs of security breaches, and support spend on IT security. However, they seldom get directly involved. Possibly the only time large enterprise CFOs would get directly involved in information security budgets is when they are being reactive to an incident.”
In the mid-market sector, which may not have specialised CISOs in place, CFOs are more likely to become involved in the information security budget discussion, says Hutton. “Fortunately for us, security tends to be treated separately from infrastructure and other components of IT. Even when organisations are cutting their budgets, you don’t find too many cutting their IT security budget. If anything, finance is allocating a larger percentage of the IT budget to security, because the world is becoming more dangerous and they have to throw more cash at mitigating risk,” he says. “Of course, the money has to come from somewhere, so invariably it comes from somewhere else in IT like stretching storage. For us, it’s a good position to be in. Back when the global recession struck in 2008, we didn’t suffer as badly as other players in the IT space, because the threat landscape didn’t go into recession, and long may this situation last.”
Because Fortinet plays in a space where the benefits to business are well understood, it seldom has to assist CIOs in motivating for budget, Hutton says. However, in cases where the CIO or IT manager must motivate for budget from the CFO, Fortinet is able to supply extensive threat reports, in depth research and risk analysis to highlight the benefits to business of making the investment. “We’ve also just launched our Cyber Threat Assessment Program (CTAP) in South Africa, in which we will perform a real time threat assessment for prospective customers; with analysis by our FortiGuard Labs. After our recent launch in East Africa, we had requests for a few assessments in the region.” The requests typically came from CISOs and CIOs, but Hutton expects the CTAP results to help IT build its case for budget with the CFO.
“There are typically two schools of CFO – the old school CFO, who is usually in place in larger enterprises where the IT budget is managed by an experienced CIO and CISO. Then you find the New School CFOs, typically younger, who are typically in the small to mid-sized enterprises. These CFOs are well educated and well versed in technology and the need for IT security. We might spend some time with them, explaining the changing threats and pointing out how IoT has exploded and perimeters have become infinite, increasing their risk profile. The CFO of today is usually well aware of the benefits of IT security, they understand that there is growing risk and they have to invest in mitigating it.”
Win a Poster Heater with Gadget and Takealot.com
This winter Gadget and Takealot.com are giving away three Poster Heaters, which look like posters but become heaters when you plug them in.
Three Gadget readers will each win a unit, valued at R550 each. To enter, follow @GadgetZA and @Takealot on Twitter and tell us on the @GadgetZA account how many Watts the heater consumes.
What’s the big deal about these heaters? Many of us are struggling to keep the balance between soaring electricity costs and the need to keep warm this winter.
However, the recently launched Poster Heater by EasyHeat and distributed in South Africa by Takealot.com is not only one of the most cost effective electric heaters currently on the market, it is also easy to setup and use.
As the name indicates, it is a poster similar to one you would hang on a wall. But, plug it in and it turns into a 300 Watt heater. The Poster Heater isn’t designed to heat hallways or large rooms, but rather smaller ones like a bedroom or a baby’s nursery or a dressing room.
It uses radiant heating, which means that it heats up in a couple of minutes and the heat is directed at the objects or people around it, quickly taking the chill out of the air and providing a comfortable ambient temperature.
The other advantage of radiant heating is that it doesn’t dry out the air like infrared or gas heaters. Users also don’t have to worry about their children or pets getting too close to it because, even though it gets hot, it can be touched.
To enter the competition follow the steps below:
Competition entry details:
3. The competition closes on 31 July 2018.
4. Winners will be notified via Twitter on 1 August and Takealot.com will be in touch to organise delivery.
5. The competition is only open to South African residents.
Deezer to host Hotstix’s Mandela tribute playlist
Deezer is celebrating Nelson Mandela on the centenary of his birthday by hosting a tribute playlist created by music legend Sipho “Hotstix” Mabuse.
Mabuse, a legendary figure in African music, first rose to prominence in the 1970s with his band Harari and later developed a name for himself as a solo artist. One of his best known songs was the global hit BurnOut in the 1980s.
The playlist takes the listener on a captivating musical journey through the life of Nelson Mandela. It was compiled by Mabuse, who consulted with Mandela’s family and friends to ensure that the music would be relevant and accurate. The playlist also features commentary by Mabuse, which was recorded in his Soweto home.
“I have tried to tell the story of the music that Madiba loved,” says Mabuse. “The Playlist excludes the time in prison obviously, as Madiba would not have had exposure to music in that time. We have focused on the music we know he loved before and after that period. This recording was really an emotional journey for me, but an incredible opportunity to document these memories.”
The playlist features the music the young Mandela loved, such as The Manhattan Brothers, Solomon Linda, Brenda Fassie and Miriam Makeba. It includes struggle songs from Chicco, Johnny Clegg, Hugh Masekela and Yvonne Chaka Chaka. The playlist also includes Mandela by Zahara, one of the younger artists who caught Madiba’s ear.
Mabuse also offers stories of his own songs, such as Shikisha, a song greatly beloved by the former President.
“I was delighted to share my thoughts and hope the listeners enjoyed the musical journey,” says Mabuse. “Madiba did enjoy music immensely and we all have a purpose wherever we are in the world to celebrate culture and to learn from different cultures and music forms and styles.”
This playlist was inspired by the Nelson Mandela 100 campaign, calling on corporates and individuals to act as sources of inspiration and engage in conversation and action.