CISOs Face Growing Pressure to Prove Cybersecurity Spending Delivers Business Value for 2024 Budgets

Cybersecurity spending is increasing to combat costly data breaches, but AI can also present internal risks like data misuse and rushed software vulnerabilities.
As organizations plan 2024 budgets, CISOs must prove the value of AI and cloud migration cybersecurity initiatives.
CFOs want to see cybersecurity investments aligned with business growth objectives, like cutting costs or boosting productivity.
CISOs should provide options with ROI data, not just focus on risks, and consolidating vendors can help.
Employee cybersecurity training is a cost-effective way to mitigate breaches that CFOs may support budgeting.

cnbc.com

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Posted 10/3/2023, 2:49:06 PM