BUSINESS SURVEILLANCE
annual reviews . This will help you focus efforts and resources more precisely to where they are needed . If a vendor is not delivering enough value , you can make a decision faster .
From an investment standpoint , executives and board directors expect value for money . You should always align the business to the right level of security investment versus the risk to business impact and likelihood , based on business risk appetite .
Meaningful metrics
All budgets have to be reviewed over time and all cybersecurity teams should report to the executive leadership team on their results . To make this effective , consider how to design meaningful metrics which demonstrate your contribution to business value creation as well as security risks managed . side too . Building a high-performing security team in-house does require investment , but it is better to develop your people who already know the company and its business .
Set your budgets accordingly some of your security vendors down , resulting in significant cost savings .
For example , you can move to a shorter quarterly budget review , rather than
This should ensure that you have proper monitoring of your cybersecurity operations for continuous improvement , but also that you receive support in the future .
To summarise , CISOs need to conduct a thorough assessment of their current security posture and evaluate how security can contribute to business objectives and priorities . This will lead you down the right path for prioritising and managing your budget . u
Under the current challenging circumstances , cybersecurity budgets are predicted to remain at best , steady . Consolidating your suppliers can help deliver more with less , particularly by reducing the proliferation of point solutions to problems . Over time , vendors launch more complementary offerings to market , which can help you rationalise
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