On any given day, we CSOs come to work facing a multitude of security risks. They range from a sophisticated hacker breaching the network to a common thug picking a lock on the loading dock and making off with company property. Each of these scenarios has a probability of occurring and a payout (in this case, a cost to the company) should it actually occur. To guard against these risks, we have a finite budget of resources in the way of time, personnel, money and equipment—poker chips, if you will.
At CSO Magazine.
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