4 steps to spending your cyber budget wisely
It seems that no-one has enough money to spend on security. How can you ensure your limited budget is placed where it’s most needed?
Focus on the business
“Many organisations make the mistake of allocating security budget based on something other than risk to the organisation,” says Jim Doggett, CISO at Semperis. “Too many discover a new, ‘shiny’ tool and find a reason to implement it – without significantly reducing risk.”
The smart allocation of security budget is not about point solutions or the latest technological innovations, but about identifying risk and reducing it.
“You must prioritise which systems your business relies upon and cannot do without even for a short amount of time,” says Joseph Carson, chief security scientist and advisory CISO at Delinea.
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