However, Hannan argued, there could also be a silver lining for CISOs. Numerous the standard cybersecurity finances arguments — model popularity, compliance prices, privateness points, knowledge leakage, and so forth — are beginning to put on skinny with their CFO and CEO audiences.
Not so with price will increase, which may undermine the enterprise’s aggressive place. Knowledge-breach price pass-alongs might probably influence market share — the form of factor that grabs CFO, CEO, and even board consideration. That may, Hannan mentioned, give senior administration motive to rethink CISO finances requests.
“The potential for elevated costs and diluted competitiveness offers CISOs with a compelling argument to safe applicable funding for cybersecurity initiatives,” Hannan mentioned. “It demonstrates that the price of inaction — each in monetary phrases and in reputational harm — far outweighs the price of strong safety packages.”
