Technical Budget Bridge
The Challenge
How much should you spend on cybersecurity?
It’s no secret that the number of records compromised in data breaches grew by 133% in 2018.
Most business leaders understand the importance of maintaining data security. Most also understand the costs associated with a successful cyber attack.
Understanding the danger isn’t the problem. The problem is knowing how to fight it.
And the key to fighting cyber insecurity is cybersecurity budgeting.
*** graphic showing costs associated with successful cyber attacks
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Determining an appropriate cybersecurity budget relies on having a solid understanding of your cyber risk landscape.
*** cyber risk landscape graphic – maybe a pie chart that includes the factors that determine cyber risk landscape: full-scope liability analysis, exposure, risk tolerance
In addition, risk managers must consider business constraints and operating needs. Few other business concerns require the same level of research and analysis for budgeting.
That’s what makes IT security budgeting so challenging for companies of all sizes.
The Solution
It’s impossible for business leaders to develop realistic, appropriate cybersecurity budgets without understanding the cyber risk landscape.
Unfortunately, gaining a full understanding of the landscape is often out of reach. There are too many variables to consider and not enough time or resources to properly investigate and analyze.
Organizations need an immediate and comprehensive measure of their cyber landscape to determine how much they should budgets and where they should allocate resources.
Assured’s IT Resource Planning tool, TripleHelix®, meets that need. TripleHelix® gives business leaders:
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A holistic view of their cyber risk landscape
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A roadmap to increased cybersecurity
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Budgeting analysis with cost-effective improvements
TripleHelix® analyzes your cyber risk landscape, explains your cyber exposure, and tells you how to improve. Business leaders use this information to create line item cybersecurity budgets that take out all of the guesswork and focus only on security measures you actually need.
