Intelligent CISO Issue 04 | Page 49

W With IT budgets under pressure to transform and improve multiple areas of an organisation and business leaders needing to demonstrate return on every investment, the onus has long been on IT security to prove its worth. But proving ROI has traditionally been a struggle for IT professionals, who need to balance budget limitations while staying ahead of the dynamic threat landscape. To help businesses measure their IT security spend against that of similar organisations, Kaspersky Lab has updated its Kaspersky IT Security Calculator. The calculator, which is based on research into cybersecurity investment within a cross-section of different- sized businesses in a range of sectors and regions, enables IT security professionals to benchmark their cybersecurity strategy against others in similar circumstances to them. Based on data from 6,687 business respondents worldwide, the calculator allows users to input information about their business size, region, industry and IT security spend. It then tells them how they measure up compared to industry averages – providing transparency into the security measures taken by other similar businesses, the major threat vectors they encounter, how much money they have lost as a result and what can be done to avoid being compromised in this way. Maxim Frolov, VP of Global Sales, Kaspersky Lab, said: “We hope that this tool will bring IT professionals the insight they need, to get their required investment and to protect their businesses from the latest and most damaging threats.” How can CISOs plan their security strategies on a budget? ALAIN ALAIN PENEL, PENEL, REGIONAL REGIONAL VICE PRESIDENT – MIDDLE EAST, VICE PRESIDENT – MIDDLE FORTINET EAST, FORTINET Alain Penel, Regional Vice President – Middle East, Fortinet www.intelligentciso.com | Issue 04 Serving as CISO for an enterprise isn’t an easy undertaking. The following FEATURE are eight recommendations that can help lay the groundwork for a long and successful tenure on a budget: 1. Map the attack surface: Digital transformation includes technology trends such as cloud adoption, the Internet of Things (IoT) and mobile user connectivity that have erased the traditional network perimeter, exposing enterprise environments to unanticipated risks. Given these trends, developing a comprehensive understanding of your attack surface is a critical starting point for every new CISO. 2. Understand compliance requirements: Understanding the full range of security standards and mandates that bear on an organisation is nearly as important as knowing its vulnerabilities. CISOs need to get a quick lay of the land when it comes to what needs to be tracked and reported upon. Compliance can be used as a strategic business enabler, or it Developing a comprehensive understanding of your attack surface is a critical starting point for every new CISO. can become a headwind that thwarts business acceleration. 3. Identify the known and unknown: The threat landscape is rapidly evolving and changing in ways that make it impossible to predict and prepare for. Cybercrime is being commoditised with the growth of Ransomware-as-a-Service and Malware-as-a-Service as successful criminal commercial markets. Integrated sandboxing and real-time threat intelligence sharing between each of the security elements 49