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

New Zeus variant targets users of 150 banks

Posted on 19 December 2014.  |  A new variant of the infamous Zeus banking and information-stealing Trojan has been created to target the users of over 150 different banks and 20 payment systems in 15 countries, including the UK, the US, Russia, Spain and Japan.


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