Biggest Challenge in Cybersecurity

Conveying the meaningful value of cybersecurity investments

In the next few years, the biggest challenge in cybersecurity won’t be dealing with a specific threat, but rather conveying a meaningful value proposition throughout the organization, and especially to the C-suite and board. It is key to the sustainability of cybersecurity and perhaps our biggest blind spot!

Articulating value has always been hard, but two major factors are emerging to exacerbate the problem.

First, the economy is in a downturn. We can expect a tightening of budgets and spending not related to revenue generation. This is a problem for cybersecurity and privacy, which are often seen as a cost center or an expense, that can be trimmed during lean budgetary times.

Secondly, the cost of cybersecurity continues to rise every year. We typically see 12% to 20% annual budget increases, and now a recent study showed a shocking 60% growth in budgets last year. This financial demand is not sustainable year-over-year for businesses. And…