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Getting a Return on Your Cybersecurity Investment
okay so Ian do you think there's a problem where benders failed to accurately show their cost versus reward for example is it easy for a customer to work out where this money is going and will it directly resolve their business problem sure it's a really good question return on security investment has been a qualification of an equation and we haven't been able to do for a very long time hmm you know we we've been accused in the past we as an industry have been accused at the past of a sellin asteroid insurance you know it may never happen a lot of people fear that they will never be breached so ignorant is bliss what we help customers with from that point of view as we do what we call a pulse pre post breech exposure analysis so we'll come onto the network we'll use our tools will use a risk-based approach on their network so we'll identify the assets that are critical to them and then we will look at their network to see where they have been breached already we get to conduct one of these where we haven't found a breach on a customer's network so it's a real interest in insight to not only say to a customer because I will say in presentations you're already breached it's an inevitability you need to accept it when I can show them that empirically from the data I've collected from their network it gives them a view of what the what the breach was where that happened what they did and what assets they actually attacked or where they've gone in their network so helps them answer a lot of questions rather than a penetration test or a vulnerability scan which tells them the art of the possible of where people may or may not get in or what is or is not vulnerable I'm going to show them exactly where they got in and how they got about I get you right ok so you show them correctly where that where it's occurred what's happened do you do anything with or do you think it's important that vendors translate that into a business problem when I'm what I mean by that is perhaps ok so this is the instant that we've noticed that occur we've identified using an technology and this is what it means in business terms as far as money is concerned anything's important yet so that's part of that risk process that's fine yes looking at the business what the business does yeah where those assets are how important they are and trying to attach some type of value to a monetary value if you lost this it would be X or Y there was a recent a recent report on by radware that said the average cost of a cyber breach of security breach I'm old enough that it was security when I started in the industry right everybody's gone it's a days but a security breaches 1.1 million dollars so obviously that's that's a that's a webfinger near but based on their analysis that's what they're saying that includes the detection and the cleanup costs afterwards I see okay and do you think it in your new experience that C says once they have these information they don't have problems in perhaps trying to explain this to the board so do you think that they they they struggle to try and get that point across to the board I think it as with anything could develop it depends on the experience of the C so what relationship they couldn t have with the board do they report directly into them do they have to report file at CEO or a CRO or a CIO yeah and how that information is delivered some people like pretty pie charts yeah some people want to know where they are being exploited depends on the maturity of the board and some people see security is a cost to be avoided at all costs and those people end up in the news that's it you're hosting them their holidays great thanks again for your time I appreciate your time thanks guys for joining us on our CCO Talks episode and we really like it just subscribe to our videos you can click on the bed icon down here somewhere and please like subscribe share and we'll see you next week for the next one take care
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ACA Compliance Group
ACA Compliance Group (“ACA”) is a leading provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. We partner with our clients to help them mitigate the regulatory, operational, and reputational risks inherent in their business functions. Our clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks. Our products include standard and customized compliance packages; cybersecurity, AML, and risk assessments; GIPS® verifications and other performance services; and a wide variety of business advisory and technology solutions for financial services firms. For more information, please visit www.acacompliancegroup.com.
Source: LinkedIn Public Company Page
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Softline Company
Softline is a leading global Information Technology solutions and services provider focused on emerging markets of Eastern Europe, Americas, and Asia. We help our customer achieve digital transformation and protect their business with cybersecurity technologies. Our services include end-to-end technology solutions, public and private clouds, software and hardware provisioning and broad array of associated services. Softline’s 2017 turnover exceeded $1,19 Billion US dollars with an average sales growth in the Group of Companies exceeding 30% in the last 10 years. Softline has offices in 50 countries and 95 cities worldwide. With more than 25 years of distinguished history we have managed to grow rapidly while consolidating technology expertise and a business model encompassing all emerging markets. We serve over 60 000 Enterprise and SMB clients, both from private and public sectors. Over 1500 account managers, 1000 solution sales and technical presale professionals and 1000 engineers and technical specialists help our customers navigate through the ever-changing complex IT environment. We build long-term relationships with our clients, partners and employees. Softline has partnerships with more than 3000 software and hardware manufacturers and has highest partner status with all our key partners. We provide a unique marketing and sales channel for our partners in all the markets where we operate. Softline is always customer centric and provides brand independent solutions which best serve customer’s needs.
Source: LinkedIn Public Company Page
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Naseba
Naseba creates growth opportunities, connecting people, partners and ideas. We are deal facilitators, helping clients: raise capital, close sales, enter new markets, secure partners and educate workforces. We add economic value at every stage of our clients’ journeys through our: Investor services I Commercial services I Leadership services Our success is driven by being commercially aggressive, pairing agility with enterprise-grade expertise. We bring global opportunities to our clients, with a focus on liquid growth markets. Naseba has facilitated more than a billion dollars’ worth of deals. We have connected over 100,000 global executives through more than 1,000 proprietary business platforms. Naseba is a signatory of the Women’s Empowerment Principles – Equality Means Business, produced and disseminated by the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and the United Nations Global Compact.
Source: LinkedIn Public Company Page
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