To achieve good security, you need to focus on business
by Michael Scheidell - CISO at Security Privateers - Monday, 29 July 2013.
Most IT security initiatives have taken their eyes off the ball. They focus on “prevent” when they should focus on “enable”.

We need to add real value to our company, showing that a properly run security and privacy group can reduce costs, increase customer and user satisfaction and drive revenue. We need to take some courses in finance and learn about CapEx and derivatives. We should live with the following six financial terms stapled to our foreheads (or at least on our screen savers): Bottom Line, Gross Margin, Fixed versus Variable Costs, Equity versus Debt, Leverage, and Capital Expenditures.

Once you understand the priorities of the CEO and CFO, you can prioritize security budgets. Now you have the advantage, because you understand both the security implications and the financial implications. If your security initiative breaks the bank, or makes people want to drive (to a competitor) rather than fly with you, you have failed.

Keep things in perspective; keep your eye on the ball. You can become the most important member of your firm’s executive management team if you can achieve this.

Spotlight

Staples customers likely the latest victims of credit card breach

Posted on 21 October 2014.  |  Multiple banks say they have identified a pattern of credit and debit card fraud suggesting that several Staples Inc. office supply locations in the Northeastern United States are currently dealing with a data breach.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Wed, Oct 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //