Richard Marcus named Chief Information Security Officer at AuditBoard

AuditBoard named Richard Marcus as its Chief Information Security Officer on April 18, 2024, promoting him from Vice President of Information Security. Marcus leads IT security functions for product, infrastructure and corporate at the company. Before joining AuditBoard, he led global GRC at Verizon Media and Security Operations at EdgeCast Networks.

According to the release, Marcus's remit as CISO also includes AuditBoard's own internal risk and compliance initiatives. Marcus told SecurityWeek that this arrangement gave the company the chance to build security best practices into endpoint security and identity and access management. The release says AuditBoard named two internal leaders to new senior positions, with Anthony Plachy becoming General Counsel alongside Marcus as CISO. According to the release, the newly created roles are intended to support the company's scale and innovation and drive operational excellence as the business grows globally.

SecurityWeek reports that Marcus's studies at school were in entrepreneurship and finance. According to SecurityWeek, Marcus began his career doing equity research on Wall Street and changed direction after the 2007/8 housing crisis. SecurityWeek says his first task was a PCI audit, which turned into a 90-day crash course in business, security and technology. According to SecurityWeek, he became manager of security operations and later moved to Verizon Media as senior manager, GRC. Marcus became AuditBoard's director of information security in 2019, SecurityWeek reports. The release says that as Vice President of Information Security, he used the company's platform to help achieve ISO 27001, GDPR and SOC 2 compliance while driving other GRC initiatives.

According to the release, AuditBoard is a cloud-based platform for ESG, compliance, risk and audit management. The release says nearly 50% of the Fortune 500 companies use AuditBoard. According to the release, AuditBoard passed $200 million in annual recurring revenue in the year before the announcement. According to Business Wire's company details, AuditBoard had its headquarters in Los Angeles, CA, and 500 employees, and Scott Arnold was its CEO at the time of the announcement.