Budgeting for cyber security - count the costs

Published Thu, Jun 18, 2020 · 09:50 PM

ONE of the hallmarks of a successful cyber security strategy is a business that does not fall victim to damaging cyber attacks which costs money (and face). This makes it difficult to measure the return on investment in cyber security solutions, because success is demonstrated through the absence of something rather than the generation of business income. This can make it tough for chief information security officers (CISOs) to make a compelling business case for bigger cyber security budgets.

Oftentimes, it is also a challenge to prioritise or determine which cyber security solutions are working and which are superfluous. This is especially tricky given the disruptions brought about by Covid-19 in the past…