Where to Focus Your Company's Limited Cybersecurity Budget
With the threat of recession looming, chief information security officers (CISOs) will increasingly see cybersecurity budgets constrained. So how can companies focus their limited cybersecurity investments on the controls that matter most? This article breaks cybersecurity investments into three categories: 1) controls that defend against threats in a particularly impactful way, 2) measures that validate that these controls are operating as intended and 3) capabilities that automate (1) and (2). All three of these categories will be important to consider moving forward, as business profile, attack surface complexity, and related threats change. This article discusses the elements of a good cybersecurity program, resources you can use, and how to determine the controls that will matter most for your own company.
How can companies prioritize cybersecurity spending?
Companies can prioritize their cybersecurity spending by categorizing their investments into three key areas: controls that defend against significant threats, measures that validate the effectiveness of these controls, and capabilities that automate both defense and validation processes. This approach allows organizations to allocate resources to the most impactful areas.
What are the key components of an effective cybersecurity program?
An effective cybersecurity program should include a mix of defensive controls, validation measures, and automation capabilities. These components help ensure that the cybersecurity framework is not only comprehensive but also adaptable to changing business profiles and evolving threats.
Why is it important to reassess cybersecurity strategies?
Regularly reassessing cybersecurity strategies is crucial because the business landscape, attack surface complexity, and associated threats are constantly evolving. By staying proactive and adjusting their focus, companies can better protect themselves against potential cyber attacks, even with limited budgets.
Where to Focus Your Company's Limited Cybersecurity Budget
published by ArcherPoint Inc.
ArcherPoint is a Microsoft Dynamics ERP Solutions Partner for Business Applications and LS Retail partner, providing modern workplace solutions, including Microsoft Dynamics 365 Business Central, Dynamics NAV, LS Retail, Azure, Microsoft 365, and Power Platform to companies throughout North America and Europe. ArcherPoint’s certified, experienced professionals collaborate with clients to design, implement, and support solutions tailored to their unique requirements—from back-office accounting to supply chain, inventory, and warehouse management. We serve multiple industries, including manufacturing, distribution, retail, hospitality, food and beverage, professional services, eTailers, 3PL, and large equipment rental. Our experts provide full-service ERP implementation, integration, development, 24/7 support, and upgrade services. ArcherPoint is dedicated to helping companies realize true business value by giving them access to world-class ERP and cloud solutions that will grow with them to meet their needs now and in the future. Contact ArcherPoint to speak with an expert or learn more at archerpoint.com.
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