Five Ways a CFO Can Invest in Securing Their Organization

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A unified approach to security is essential

Today, it isn't just about having the best-in-breed solutions promising "security intelligence." It is about achieving the higher intelligence that can come from the right combination of protective, detective and response controls all communicating with each other to provide a correlated view of what is happening across your company, and the guidance to address any security breaches or vulnerabilities. By unifying security controls that you already have in place or by insisting that any new security products are unified from the get-go, the organization will get a lot more out of the company's existing investments because of the rich contextual threat data the unified controls will provide.

When thinking about all of the individuals involved in managing risk and making security decisions in an organization, the person who has one of the toughest roles is the chief financial officer. For the majority of the C-suite, investing in security technology appears to be a relatively easy decision. However, the CFO has to balance the investment in security against a variety of other variables, including assessing the cost of managing cyber risk against all other costs of doing business.

According to a 451 Research report last year, "Given the 10 most recommended technologies and the pricing range, an organization could expect to spend anywhere from $225,000 to $1.46 million in its first year, including technology and staff." Considering the costs related to security, it's no wonder that the CFO might struggle a bit in regards to investing in this part of the business, even if he or she is fully cognizant of existing threats and the need to protect the company's assets.

In this slideshow, AlienVault, provider of unified security management solutions and crowd-sourced threat intelligence, will examine how CFOs can invest wisely in protecting their organization.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
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