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Comment on articles and access more articles. Leading Edge: Boost Your Profits with Cybersecurity Leaders are starting to look at cybersecurity as a means to boost profits, and there are specific ways to do it effectively. Matthew Duane Year Month Day Reading Time: Minutes Topics Management Technology Strategy Development Strategies Security & Privacy Technology Implementation Frontiers MIT program explores how technology is reshaping the practice of management. More from this series Subscribe Share What to read next Five key trends in artificial intelligence and data science in 2020 Thomas.
Davenport and Randy Bean How developers can reduce AI’s impact on climate Eight essential leadership skills to improve in 2020 Five Your Profits with Cybersecurity Budgeting for cybersecurity is one of the most unique jobs in business strategy and planning today. Unfortunately for network leaders, requesting a Email Lists Database budget is more art than science. This is because measuring and communicating cyber risk is difficult. Threats are always changing, enterprise vulnerabilities are constantly changing, and the business impact is far-reaching and difficult to calculate. To justify budget requests, network leaders inevitably incorporate headlines that create fear, uncertainty, and doubt. Here, leaders seek to influence through emotion.
This process happens year by year, all in an effort to slightly increase cybersecurity spending. A few more dollars here, a little more power there, but often little measurable benefit. This awkward ritual has two bad, interrelated business outcomes: Network projects are underfunded to get the job done, resulting in subsequent spending that is reactive and inefficient. Business leaders see networking as a necessary cost of doing business and they would rather spend their tax dollars elsewhere. Fortunately, a new way of thinking is available and some companies are implementing it. It’s a shift in thinking.
Davenport and Randy Bean How developers can reduce AI’s impact on climate Eight essential leadership skills to improve in 2020 Five Your Profits with Cybersecurity Budgeting for cybersecurity is one of the most unique jobs in business strategy and planning today. Unfortunately for network leaders, requesting a Email Lists Database budget is more art than science. This is because measuring and communicating cyber risk is difficult. Threats are always changing, enterprise vulnerabilities are constantly changing, and the business impact is far-reaching and difficult to calculate. To justify budget requests, network leaders inevitably incorporate headlines that create fear, uncertainty, and doubt. Here, leaders seek to influence through emotion.
This process happens year by year, all in an effort to slightly increase cybersecurity spending. A few more dollars here, a little more power there, but often little measurable benefit. This awkward ritual has two bad, interrelated business outcomes: Network projects are underfunded to get the job done, resulting in subsequent spending that is reactive and inefficient. Business leaders see networking as a necessary cost of doing business and they would rather spend their tax dollars elsewhere. Fortunately, a new way of thinking is available and some companies are implementing it. It’s a shift in thinking.