Myth – Cybersecurity is a Cost Center - PowerPoint PPT Presentation

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Myth – Cybersecurity is a Cost Center

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Is communicating the value of cybersecurity to the C-suite and the board a consistent struggle? You’re not alone as many professionals meet resistance when requesting additional budget or resources. But cybersecurity is not just a cost center. Watch this video to learn how to change the perception of cybersecurity in your organization and demonstrate its strategic value and impact. – PowerPoint PPT presentation

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Title: Myth – Cybersecurity is a Cost Center


1
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Cost reduction is not revenue
Cybersecurity seen as a cost/risk reduction
Difficult to quantify Return on Security
Investment (ROSI)
Growth comes first, Profitability/stability is a
secondary imperative
Cost reduction increases profitability, But it
does not lead to growth
3
Rethink cost center as value center
Define value to business beyond gut feeling
Cost of reputation
Compliance cost
Operational cost
Regulatory risk
4
Rethink cost center as value center
Evaluate security processes to reduce friction
  • Understand user priorities
  • Security processes can't negatively impact

EDR policy that blocks commonly used files
because they are suspicious
App developers who will resent security if it
gets in the way
5
Rethink cost center as value center
Eliminate tool duplication
Develop business metrics to illuminate results
6
Dont be like Sisyphus
7
Cyber security is a value center
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