As work-from-home transition becomes a new normal, CISOs expect their operational spending to be challenged CFOs – both any new investments and even the items for the existing security stack.
To meet this challenge, CISO’s need to start by asking a few basic questions:
- How can we determine the return on investment (ROI) on risk-reduction projects?
- How can we prioritize controls or processes that need to be implemented next?
- If we were to cut X% from our budget while maintaining an acceptable level of loss exposure – how can we manage?
Basically, the key question that needs to be addressed is how can we quantify in financial terms our organization’s cyber risk exposure?
Join BankingBook’s risk experts and learn how to develop a forward-looking IT, security and risk assessment framework for cyber risk exposure using precision analytics.