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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.

Upcoming Events

27
Jan

SC Unlocks: Insurance & Assurance

SC Unlocks: Insurance & Assurance aims to provide delegates with practical and business critical tools on how cybersecurity within the Insurance space works. The briefing will explore the unique challenges of the insurance sector, including how cybersecurity insurance (aka cyber liability insurance) can help reduce liability, strategies for risk management/ transfer, regulatory oversight and cyber asset valuations.