EarthLink (ELNK), Rackspace Hosting (RAX) and Continuum are three of the companies that work within the managed services space that have appointed a chief information security officer (CISO) or chief security officer (CSO) over the past year.
And now, Boston-based remote access software company LogMeIn (LOGM) is expected soon to add a C-level security executive of its own.
"Strong security has always been a guiding principle and a core tenet [for LogMeIn]," Palfy said. "With the increasing number of platforms that LogMeIn products support, the latest addition being Xively in the Internet of Things (IoT) space, we felt that we needed to have a dedicated owner to coordinate these efforts."
Palfy said whomever becomes LogMeIn's CISO is expected to serve as a subject matter expert and lead a global team that will be responsible for:
- Internal infrastructure
- Security of LogMeIn's software products
- Product delivery
- Product security features
- Third-party services
"[The CISO role] is a cross-functional role requiring this person to work together with our internal IT, service delivery, product development and product management teams," Palfy added.
Will more businesses add CISOs in the future?
Many businesses in the managed services space recently have appointed or are in the process of adding C-level security executives, and this trend could continue over the next few years.
Palfy said he believes the rising demand for IoT-enabled products, and the complexity of these products, are among the factors that could lead more businesses in the managed services market to add CSOs and CISOs to serve as security leaders.
"Companies that manufacture products want to better understand how customers are using them ... and are increasingly beginning to IoT-enable their products. This creates security implications for these companies," he said. "We believe that a dedicated role will be needed in more organizations in the future to own these complex responsibilities."