Prioritization of Security Investments
Forming Data-Driven Cyber Risk Decisions
Making Data-Driven Prioritization Decisions With Quantification
Crucial Prioritization Factors
Cyber risk mitigation initiatives should not be pursued at random. Cybersecurity leaders need to take into account several factors, such as the potential reduction of risk likelihoods and financial exposure, as well as broader business goals. With a cyber risk quantification solution, cyber risk managers can easily compare these impacts, enabling data-driven prioritization plans.
Adopting a Risk-Based Approach
By using CRQ to adopt a risk-based approach to cybersecurity strategy development, organizations can ensure they're focusing resources in the areas most crucial to business continuity and resiliency. For instance, Kovrr's CRQ illuminates the expected financial savings of specific security control upgrades, equipping stakeholders with a tangible understanding of the value various initiatives bring.
Aligning With Broader Business Goals
While it's paramount to account for the financial savings, cybersecurity leaders should also prioritize upgrades and other mitigation efforts according to the broader enterprise goals to gain support from senior leadership. Fortunately, with the monetary insights, this alignment becomes much more straightforward, enabling cyber risk managers to translate their efforts into a common business language.
Optimizing Limited Budgets
Kovrr's CRQ platform equips cyber risk managers with the insights necessary for optimizing budgets. The ultimate goal of a risk-based approach to cybersecurity is to ensure programs make the biggest impact with whatever resources are available. With Kovrr's cybersecurity ROI calculator, CISOs can determine if initiatives produce a positive return and, therefore, contribute to business growth.
Addressing New, Emerging Risks
The cyber risk environment evolves quickly, and what may be the most significant mitigation initiative today may not be the same next quarter. This reality makes it paramount to run cyber quantifications regularly and ensure that strategies reflect this dynamic landscape. Kovrr's CRQ solution is available on-demand, so cybersecurity leaders can re-evaluate their organization's risk whenever necessary.
Prioritizing Investments With CRQ FAQs
Speak to an Expert to Learn MoreWhy is the prioritization of cyber investments important?
Which factors do I account for when prioritizing my limited resources?
How does cyber risk quantification aid the prioritization process?
Does Kovrr’s platform offer any cybersecurity prioritization recommendations?
Making the Biggest Cybersecurity Impact With a Risk-Based Approach
With cybersecurity leaders expected to accomplish so much with extremely limited budgets, it’s becoming all the more important to prioritize investments according to their potential impact. Schedule a meeting to learn more about how CRQ facilitates this approach.
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