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One of our clients was facing a monetary fine from Visa. Our remediation efforts and op models gave them a year to get shit right.
Data loss prevention solution was quantified by putting a value to each record impacted by the vulnerable assets.
That makes sense so it sounds like a process of identifying the right data points to use and then figuring out the associated cost if a breach or incident were to occur. I can see that. I’m probably coming off a bit naive. I haven’t really been involved in the financial business justifications of cyber sec yet and it’s been something I’ve been interested in. The questions I sometimes ponder is how do we deliver value to the business and why should we keep investing in cyber if it’s just a cost center?
FB going to hashtags now?!
Your compliance remediation projects reduce cost and save the company from brand and financial damage... not understanding the question
Thanks. What I’m trying to get at is how we quantify risk from a financial perspective. Sure I get that we save the organization money but how do we actually come up with the data to prove that. Curious to know if anyone’s been on a project like this.