The truth is that you’re going to pay for cybersecurity one way or another. So, it’s better to invest now while the cost is much lower and more predictable. As a business owner, you have lots of projects vying for your time and money, and let’s face it, anything that’s not a revenue driver is easy to push to the bottom of the list. Unfortunately, cybersecurity too often falls into this category. Companies may tell themselves, “We already have security in place. We have a firewall; we have antivirus software; our critical applications are password-protected.” The reality is that you’re probably well aware that cyberattacks have exploded in the past 18 months, both in terms of frequency and seriousness. This year, for example, the damage costs from cybercrime are expected to reach $6 trillion, up from $3 trillion in 2015. To put this number in perspective, if it were measured as a country, cybercrime would be the world’s third-largest economy after the U.S. and China. In the past, data breaches were about data loss and the potential harm to the victim’s reputation. Today, however, we see attacks that result in significant operational delays and setbacks.
Manny Korakis, Chief Financial Officer at Presidio, is responsible for leading the company’s finance team in continuous process improvement and driving profitable growth. Prior to joining Presidio in 2022, Manny was Chief Accounting Officer, Corporate Controller and Corporate Treasurer at IQVIA where he was responsible for global accounting, external financial reporting, financial shared services, capital markets, treasury operations, internal control and financial systems.
In addition, heheld senior-level positions at American Express Global Business Travel as Corporate Controller and Chief Accounting Officer. Mannyspent the majority of his career at S&P Global, where, in his last two years with the company, he was Chief Financial Officer of S&P Dow Jones Indices, a subsidiary with $1 billion in revenue.