March 24th, 2017
Ed Snodgrass, CISO, Secure Digital Solutions
Protecting your organization costs money. It’s that simple, and there is plenty of noise in the marketplace telling you where to spend it. The amount of money it takes to do so is usually proportional to the size of the proverbial bullseye on the company’s back. There are other factors of course, but that’s typically at the top of the list and asking leadership for the budget it takes to protect your organization is not always easy. Neither is managing that budget.
First, we have to know what we’re protecting and why. Next, we have to discover what the threats to what we’re protecting are. Third, we have to determine what the likelihood of those threats succeeding is and what the potential impact will be if they do. And finally, what it will take to accomplish that. These activities are table stakes and the bread and butter of every security leader’s job description.
Compiling all of that information into a roadmap and a financial plan is a significant accomplishment and once it’s done the confidence level is usually pretty high. However, as boxing great Joe Louis once said, ‘Everyone has a plan until they get hit’. Business objectives change. Key SMEs in the organization leave. New threats are detected and must be addressed. How does all of that affect the initial budget? Making a few adjustments is straightforward but what’s the ripple effect of those adjustments on your overall financial plan? Will shifting funding short-term from project A to project B end up jeopardizing critical project C next quarter? You need to be able to manage the plan dynamically, based on numerous potential scenarios to determine how much is enough.
Enter TrustMAPP. The industry’s first dynamic platform designed to allow you efficiently and effectively answer these critical questions:
- How do I ensure my security spend remains aligned with business objectives?
- Can I support the existing budget and justify future investments?
- What information is most effective for me to use in making the right financial decisions?
Transform the conversation from what’s possible into what’s actual.