LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
The Hunt For Cyber Technology Leaders Heats Up
As organizations become increasingly reliant on digital infrastructure, cybersecurity threats are increasing in number, persistence, and sophistication. See new insights from ON Partners recruiting experts Marc Gasperino and Seth Harris.
Published in Hunt Scanlon Media – With technology has come the insatiable – and merciless – need for talent. Having the right leaders and teams in place is now more critical than ever. Cyber technology leaders appear in various forms: chief information security officer (CISO), chief information risk officer, chief security officer (CSO), VP information security, chief trust officer, chief information officer (CIO), chief technology officer (CTO) and many others.
These executives are vital, front-line leaders facing down increasingly numerous and sophisticated threats. Their job is to secure both the enterprise and its external products and solutions. They report to boards of directors and management committees on a regular basis, are considered strategic assets to be leveraged, and increasingly give organizations their competitive advantage. The cost of hiring one is rising – and that is good news to the scores of executive recruiters who hunt them down for clients around the globe.
Cybersecurity threats are increasing in number, persistence and sophistication. One reason: Organizations have become progressively more reliant on digital infrastructure. Whether it is a consumer threat or state-sponsored action, more bad actors are finding new entry points to access sensitive data and disrupt key operations.
“We’re seeing clients from almost every market emphasize the enhancement of their digital platforms,” said Marc Gasperino, leader of the digital practice at ON Partners. “In many cases, digital business models are carrying organizations right now. Companies that underinvested in digital platforms are starting to chase lost revenues that mean more now than before and while hiring has been frozen or slowed down in other functions, digital product, engineering, data/analytics, user experience, and cybersecurity are being prioritized. Unfortunately, since many of these companies are going through difficult financial times, they are struggling to meet the compensation requirements of the talent they need.”
“Companies that have already invested and are winning the digital business wars are trying to take advantage of recruiting talent from suffering markets like travel, hospitality and retail,” Mr. Gasperino said. “They are also driving initiatives to expedite the long process of hiring and developing diverse leadership within technology functions.” ON Partners has been hired to drive several ‘diverse only’ engagements for global market leaders since the beginning of the COVID-19 pandemic.
“I’m aligned with my clients who see COVID-19 as a temporary setback but one that has allowed them to reassess strategy, go-to-market, and product-market mix, among other things,” said Seth Harris, a partner with ON Partners. “Over the past 12 months the reliance on strong financial acumen (CFOs), product/solution rationalization or development (chief product officers), and revenue generation (CRO) will continue to be in demand. That is followed by CHROs who bring vision and guidance to the C-suite in navigating the needs of the existing workforce in light of COVID and beyond, hiring top talent whether pre-identified via a formal search or not, and the creation of a platform that assess talent demand shifts, best-in-class training, and a better level of engagement with the workforce.”
Additionally, ON Partners was recently named to the Cyber Technology Top 40 list announced by market research firm Hunt Scanlon. The list encompasses the leading executive search firms dedicated to cybersecurity and technology – a nod to the ever-expanding convergence of web, cloud, social and mobile technologies.
See the full article published in Hunt Scanlon Media here.
Find our related successful placements of leading executives here.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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