Cyber Insurance Data Gives CISOs New Ammo for Budget Talks
Boards may ignore alerts, but they listen to losses: new data from Resilience links security gaps directly to financial impact. The post Cyber Insurance Data Gives CISOs New Ammo for Budget Talks appeared first on SecurityWeek.
CFOs and boards need to understand risk in financial terms. Insurance data can do this.
Obtaining adequate cybersecurity budget from the board requires translating technical risk into business financial risk – an ability that is not always available to security technicians. Resilience, a firm that provides insurance, risk decision support and consultancy, can assist.
Through its insurance service, Resilience can directly relate financial loss to specific cybersecurity events and their likely occurrence, allowing CISOs to present technical risk as the monetary risk that CFOs and board members readily understand.
Source: https://www.securityweek.com/cyber-insurance-data-gives-cisos-new-ammo-for-budget-talks/
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