Optimal budgeting
While CISO roles used to be limited in the past, changing security threats and increasing roles in an organization have seen CISOs become ever more involved with the budgeting process. Security planning now involves almost all aspects of a company, given that most parts of organizations have been digitalized and, hence, need security from external and internal threats. This means that any changes to business processes in any part of the company will need a review to be carried out by the security team to ensure they meet the regulations and security standards set for the company.
The idea of optimal budgeting is a process of budgeting for security resources while keeping in mind that the budget is limited and that the business needs to make a profit at the end of the day. A cost-benefit analysis of the security initiatives should guide the CISO in making optimal budgeting decisions. A cost-benefit analysis (CBA) will require the security team to consider all...
