Cybersecurity Risk Management: Protecting Our Most Valuable Currency

Cybersecurity Risk Management: Protecting Our Most Valuable Currency

Cybersecurity risk management can be a unifying conversation throughout your organization. Few things are more challenging in the cybersecurity business than getting stakeholders to speak in the same language. The business planners are talking supply and demand; the IT department is talking bits and bytes; the HR department is talking wellness and productivity; the C-suite is talking dollars and cents; and the board of directors are talking governance and liability. All these competing challenges make discussions about endpoint solutions, monitoring systems and identity management systems difficult to have. 


So how does one overcome the challenge? The answer comes in finding a common interest. And that common interest requires having a common language. 


The History of Currency


The concept of currency goes back a while. Ancient China, the Mesopotamians and the Lydians, a group from western Anatolia who are likely the first to have used metal coins for exchange, all understood this concept well. 


Medieval Europe gave rise to the merchant banks and letters of credit, where you could make a deposit in one place and use a letter of credit to make a withdrawal in another. Letters of credit provided an early form of security to those traveling between Europe and the Middle East. Because they did not need to carry their money, they were less likely to become targets for robbers.


You can bet your C-suite understands the concept of currency when they’re deciding the next IT and cybersecurity budgets. In order to talk about how cybersecurity risk management fits into that budget ..

Support the originator by clicking the read the rest link below.