BrandPost: How to turn a necessity into a business advantage
Expenditure for cyber security continues to rank very high in IT budgets. This year’s expenditure is expected to rise by 11% to around 188 billion dollars. While CISOs are purchasing more and more technology, the return on this – i.e., a satisfactory business advantage – remains unclear and elusive. As a result, top management is increasingly demanding an alignment of cyber security costs with business benefits – “outcome-based security” is the keyword that has become a new paradigm.
In today’s business climate, security experts must prove that their outlay is not a cost trap, but rather an investment that helps management to optimally reach its targets. Many analysts and experts now recognize this possibility and can relay practical tips on how to implement this approach.