19 Nov Rethinking Cybersecurity From Cost Center To Value Driver
This week in cybersecurity from the editors at Cybercrime Magazine
–Sausalito, Calif. – Nov. 19, 2024
Historically, many businesses have approached cybersecurity as a checkbox exercise: invest just enough to comply with regulations (and avoid a fine) and protect against basic threats, writes Dave DeWalt, Founder and Managing Partner at NightDragon, in a Forbes article.
Or, he continues, adopt a “it can’t happen to me” approach and invest far below what they should. However, the proof that this approach is failing can be seen in the estimated $10.5 trillion in annual cyber damages expected by 2025, according to Cybersecurity Ventures.
Companies that prioritize cybersecurity can differentiate themselves in the marketplace, enhancing customer loyalty and potentially attracting new clients, adds DeWalt, former CEO at FireEye and McAfee.
The time has never been more important to adopt this mindset.
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