digital transformation is integral to business success, cybersecurity has become a pivotal issue for organisations of all sizes. As cyberthreats become more sophisticated, companies are challenged to strengthen their cyber risk posture, often facing the daunting task of securing resources and investments from executive leadership.
Another challenge is the involvement of security teams in business processes. Participants explained that often these teams are brought in late, after critical decisions have been made. To counter this, organisations are shifting towards a “security by design” approach, where security is integrated into the core of business operations from the outset. Involving security champions across various departments and ensuring policies are enforced consistently are essential steps in this process.
Threat modelling emerged as a critical approach for prioritising security investments. By identifying the most significant threats and vulnerabilities, organisations can focus resources on areas where they are most needed, ensuring that cybersecurity efforts are both efficient and impactful.leaders face in communicating the need for investment to boards and executive leadership.
Quantifying the ROI for cybersecurity initiatives remains challenging but is crucial for making a persuasive case. Metrics like reduced incident response times, fewer breaches and cost savings from avoided attacks can demonstrate clear ROI. Indirect benefits, such as improved employee productivity and increased customer trust, further underscore the value of a strong cybersecurity posture.
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