PodChats for FutureCISO: Demonstrating the Business Value of Cybersecurity Investments Artwork

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PodChats for FutureCISO: Demonstrating the Business Value of Cybersecurity Investments

October 28, 2024 • CXOCIETY | FutureCIO FutureCFO FutureIoT • Season 5

As Cybersecurity Awareness Month 2024 unfolds, it is critical for organizations, especially in Asia, to emphasize the tangible business value of cybersecurity investments. With cyber threats becoming increasingly sophisticated and pervasive, cybersecurity is no longer just an IT issue; it is a fundamental aspect of business resilience and growth.

Demonstrating the return on investment (ROI) from cybersecurity initiatives can help secure ongoing support from stakeholders, drive informed decision-making, and foster a culture of security within the organization. By clearly articulating how cybersecurity investments protect assets, ensure compliance, and enhance customer trust, CISOs and CIOs can align security strategies with broader business objectives.

In this PodChats for FutureCISO, Steve Wilson, chief product officer at Exabeam, offers his take on how to demonstrate the business value of cybersecurity investments.

Key Questions for CISOs and CIOs

What is the current practice for quantifying the ROI of cybersecurity investments?
Is it possible to leverage cybersecurity investments to gain competitive advantage?
What metrics can be used to measure the effectiveness of cybersecurity programs?
What is a quick win in cybersecurity and what strategies can be implemented to demonstrate quick wins in cybersecurity?
How can CISOs/CIOs align cybersecurity goals with overall business objectives?
What is the most effective way to communicate cybersecurity risks to non-technical stakeholders?
What frameworks or standards can CISOs/CIOs adopt to benchmark their cybersecurity efforts?
What partnerships or collaborations can enhance an organisation’s cybersecurity capabilities?
We are coming into 2025, how can CISOs/CIOs ensure that their cybersecurity investments are scalable and future-proof?
What is your vision in your role as chief product officer for Exabeam?