The security metrics that many CISOs traditionally use typically lack business context and often fail to provide a comprehensive and actionable view of how the security program decreases risk and enables the business.
This can leave security teams with a false sense of confidence and CISOs struggling to show ROI and build budget. However, in order to keep pace with the new threats that have surfaced over the past year, many CISOs feel more investment in security will be critical. According to an Enterprise Strategy Group survey of IT decision makers1, 66% of respondents intend to increase their cyber security budget throughout 2021.
In order to obtain the budget needed to properly secure their organizations, CISOs must be armed with the right metrics and communication tactics to demonstrate ROI, connect security investments to business outcomes, and prioritize a roadmap for reducing risk and highlighting operational efficiencies.