Prioritization of Security Investments

Forming Data-Driven Cyber Risk Decisions

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Prioritizing Investments With CRQ FAQs

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Why is the prioritization of cyber investments important?

Given a near-total dependence on the cloud, organizations nowadays face a seemingly endless list of cyber risks. This digital reality demands that CISOs prioritize their efforts and limited resources according to those vulnerabilities that have the potential to cause the most significant damage. Prioritization ensures cyber resiliency in the wake of an attack, minimizing downtime and maximizing the ability to grow.

Which factors do I account for when prioritizing my limited resources?

When deciding which initiatives and security control upgrades to invest limited resources in, it's paramount to understand their impact on the organization's cyber risk posture. You should ask questions such as, "By how much does this initiative reduce my financial exposure?" and "Does this initiative result in a positive ROI for the organization?" It's best also to consider factors such as compliance and broader business objectives.

How does cyber risk quantification aid the prioritization process?

Cyber risk quantification translates complex cyber metrics and outcomes into monetary terms, offering objective figures that can be used to compare the benefits of various initiatives. Especially as cybersecurity budgets are limited, it's crucial for CISOs to optimize their finances to make the largest impact on the organization, protecting crown jewels and minimizing potential loss.

Does Kovrr’s platform offer any cybersecurity prioritization recommendations?

Yes. With Kovrr's CRQ platform, organizations can input their specific cybersecurity maturity framework levels. With this information, the platform then offers targeted quantified insights regarding implementation levels and how much financial exposure could be reduced if specific controls were upgraded. Kovrr's CRQ also provides recommendations based on asset groups, revealing which upgrades will have the largest impact on reducing the risk of various business units.

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