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    1. Home
    2. >Business
    3. >How CFOs and development teams can work together to mitigate cyber risk
    Business

    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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    An image depicting a businessman interacting with a tablet, symbolizing the collaboration between CFOs and development teams to strengthen cyber risk management in finance.
    Businessman using tablet to enhance data security and mitigate cyber risk - Global Banking & Finance Review
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    Tags:cybersecurityrisk managementfinancial servicestechnologycollaboration

    Quick Summary

    CFOs now share ownership of cybersecurity. This piece shows how finance leaders and development teams align budgets, KPIs and DevSecOps to cut risk, accelerate response and build secure‑by‑design software.

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

    1What is cybersecurity?

    Cybersecurity refers to the practices and technologies designed to protect computers, networks, and data from unauthorized access, attacks, or damage.

    2What is risk management?

    Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings.

    3What are financial services?

    Financial services encompass a broad range of services provided by the finance industry, including banking, investment, insurance, and asset management.

    4What is technology in finance?

    Technology in finance refers to the use of software, hardware, and digital platforms to improve financial services and operations.

    5What 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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