Cyber Insurance Data Gives CISOs New Ammo for Budget Talks
Summary
New data from cyber insurance provider Resilience connects specific security gaps to their financial impact. This information can empower CISOs to make a stronger case for security budgets by demonstrating the tangible cost of inaction to boards.
IFF Assessment
FRIEND
This is good news for defenders as it provides them with data-driven arguments to justify security investments to leadership.
Defender Context
CISOs can leverage this data to better articulate the business risks associated with security deficiencies. Demonstrating the direct financial correlation of security gaps to board members, who are often more receptive to financial arguments, can lead to increased budget allocations for cybersecurity measures.