While a CSO or tech leader’s C-suite colleagues understand the importance of cybersecurity, they’re often primarily focused on the bottom line. They may even ask, “But is it necessary to spend the resources we do on these efforts?”
Cybersecurity should always be a business priority. If done correctly, organizations can significantly reduce their chances of undergoing a significant cyberattack and prevent any financial, reputational and even legal consequences, all while improving operations. With ransomware attacks and data breaches on the rise, implementing a strong security culture from top to bottom is absolutely key. -
“How long could you live without your computer?” is an effective scare tactic. Leaders who don’t have time to focus on cybersecurity may not understand that if they’re compromised, they have to stop working. I don’t know any executive who’d be okay with an unscheduled period of time when they can’t use any of their devices. Appeal to their need to stay online, and they’ll commit to the initiative.
Think of cybersecurity spending as an investment, not an expense. It’s like insurance for your business results. Business impact analysis and technology-related risk analysis can facilitate the valuation of an incident occurrence. The dollar amounts that would be lost to ransomware, reputation damage, downtime, loss of data and drop in share value can all be estimated, and the necessary costs can be allocated to security.
Tech leaders can highlight the mean time to detect, or the average time it takes to detect a security threat. A shrinking MTTD over time shows heightened vigilance and improved detection capabilities, which directly correlates to reduced risk. By showcasing a tangible reduction in this metric, CSOs can translate cyber progress into a language that the C-suite understands. -
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