3 things CSOs can learn from CPOs

The role of the CSO and CIO has been changing dramatically as technology becomes more and more vital to business strategies. Sometimes, it can be hard to keep up.

Amol Joshi, SVP of business development at Redwood City, Calif.-based Ivalua Inc., suggests that CSOs and CIOs can pick up a few tricks from Chief Procurement Officers.

1. Create and use contract templates

Many CIOs and CSOs are faced with the responsibility of creating or reviewing contracts with outsourcers, contractors, part-time help, software vendors, data centers, cloud services providers and other vendors and suppliers.

CPOs have been doing this for a long time, and one trick that the use is create a library of clauses that they can put into a contract when needed.

These clauses have to be kept up to date, Joshi said. For example, cloud SLAs evolve all the time, as do compliance requirements.

Plus, companies are always learning from their mistakes -- and, hopefully, the mistakes of their competitors -- and amending their contracts as a result.

"CIOs and CSOs need to standardize those clauses and make them available in a central repository so anyone trying to write a contract can use that particular clause," he said.

2. Create a system for compliance monitoring

During contract negotiations, vendors are going to be on their best behavior, using the best security practices, and otherwise complying with your requirements. All their certificates and certifications will be up to date, their insurance policies are in place.

Over time, though, things can start to slip.

This is where a monitoring system is critical.

CPOs know that they need to ensure that their providers have, say, paid their bills for their liability insurance, or that any new personnel assigned to a project have the required professional licenses. Letting things slide can result in big problems down the line.

"CPOs are using technology platforms that make that information available instantly to both suppliers and to the enterprises," said Joshi.

CIOs and CTOs need something similar, he said.

3. Make more use of procurement pros

In some organizations, the procurement department handles everything except technology purchases, and IT handles its own vendor relationships and risk exposure.

But procurement departments have staffers who are experts in ensuring that vendors stay compliance on a day-to-day basis.

"CIOs and CSOs should leverage those skill sets," Joshi said.

"Having the CIOs and CSOs also use the purchasing group can make it more streamlined and formal," he added. "And lead to more effective contracts and higher savings."

Join the CSO newsletter!

Error: Please check your email address.

Tags securitySecurity LeadershipCSO

More about CSOInc.

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by Maria Korolov

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place