Investing In Cybersecurity

Convincing executives to spend on preventative measures can be tricky.??

Ken Deitz, Chief Security Officer & Chief Information Security Officer at Secureworks, is here to share his advice on how businesses can put a number on cyber security risk, ways to measure ROI, and how to win the hearts of the C-level suite to pay attention and put dollars to cyber defense.?

Tune in to the full episode —? Investing In Cybersecurity with Ken Deitz, CSO, CISO of Secureworks.

What You Will Discover:??

??? Understand risks to guide business decisions. They find a good formula to calculate the potential loss and the likelihood of a cybercrime incident. The FAIR methodology is a great place to start.?

??? Use goals to measure ROI. Were they achieved? Did you hit the budget? An effective risk assessment also helps in identifying overall risk.??

??? Know how much to budget for security. Every industry varies in its security spending. Less mature organizations invest around 4% of their I.T. budget, but this puts them at higher risk of ransomware attacks.?

??? Compute risk into dollars for a clearer assessment. The language of money speaks to most, especially to C-level executives, making it easier to start investment conversations.?

?? The difficulty in ROI is the inability to prove a negative. It’s hard to measure the impact you avoided. But you can always look into other industries for a wider perspective.?

??? Ensure your pitch is fact-based, not fear-based. Some companies want to take more risks; others don’t. Get buy-in from your board by focusing on the risk reduction appropriate for your business.?

About Secureworks:??

Secureworks is a Leader in Cybersecurity. We protect organizations by providing battle-tested, best-in-class cybersecurity solutions that reduce risks, improve security operations, and accelerate ROI for Security and IT teams.?

?In short, we’re here to secure human progress.?

Learn more at https://www.secureworks.com/ ?