Five Ways a CFO Can Invest in Securing Their Organization

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Challenge any big spend and understand exactly what your company will get in return for its precious dollars

It is a CFO's job to challenge any big spend and figure out exactly what the company will get in return for their dollars. CFOs should ask questions of their IT team even if they are redundant to the questions they will be asking themselves as they evaluate security products or services. This will help the company stay true to the decision criteria that should be employed before making a purchase decision.

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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