Five Ways a CFO Can Invest in Securing Their Organization

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Determine how the company is monitoring, detecting and responding to threats

By understanding how the company monitors its security controls, it will help in determining how long it takes to detect and respond to a threat. Having a system in place that provides continuous threat alerts and integrates threat data from other organizations and individuals is a cost-effective way to ensure your security team is equipped with the cyber intelligence needed to avoid a potentially costly incident or breach.

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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