Companies are increasingly facing cybersecurity threats and data privacy regulations, ranging from how to handle artificial intelligence and large language models like ChatGPT to fears of hacking from espionage groups and bad actors. But the executive that many companies have in place to oversee these challenges, typically the chief information security officer, often does not have a backup.
Approximately 41% of companies do not have a succession plan for their CISO, according to a report from executive recruiting firm Heidrick & Struggles. Its data indicates that roughly three-quarters of CISOs said they were very or entirely open to changing companies in the next three years, underscoring the importance of succession planning and an increased focus on retention strategies.
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