Security News > 2022 > August > Cyberattack prevention is cost-effective, so why aren’t businesses investing to protect?

How can a CISO effectively explain the cost of a data breach to the company's Board? What type of information drives the point home for a non-technical audience?

To explain the cost of a breach is highly dependent on the breach itself.

The presumed state-sponsored breaches on average cost more than $4.4 million making it the most difficult data breach for CISOs to salvage from.

CISO's need to be aware of the current threat landscape, in a post-COVID world, remote work has opened a volt to new vulnerabilities, the forward thinking CISO of today needs to put into place preventative cybersecurity measures to manage the long term risk to a company.

To measure the success of an investment, you first need to quantify the cost of what you're trying to protect.

Not only will an effective security strategy protect organisations and identify flaws before a cyber-threat, to even obtain cyber insurance, having these systems put in place is vital to reduce the cost of cyber insurance.

News URL

https://www.helpnetsecurity.com/2022/08/01/cyberattack-prevention-investing/