How Much Risk is Too Much Risk?
Even tight security budgets can avoid the “oh sh!t” factor
CISOs: How to Make an Argument for Budgeting for a Breach
The average cost of a data breach was $2.8 million in 2024 – the highest on record, according to IBM – and it’s rising. Coupled with a more than 75% increase in cyber attacks in 2024 compared to 2023, budgeting for a breach isn’t just smart – it’s imperative.
When CEOs accept more risk to keep cybersecurity budgets low, everyone will be saying “oh sh!t” when a breach occurs instead of “we’ve got this”.
Our Cybersecurity Budget Strategy Guide helps CISO’s effectively communicate that cybersecurity is a requirement of doing business, even when the budget is tight, and includes tips for CISOs to demonstrate the greater (and costlier) risks of deprioritizing cybersecurity.
CISOs will learn:
- The essential components of a basic cybersecurity budget
- What level of risk is acceptable in today’s cybersecurity climate
- How an MSSP can relieve the pressure of balancing tight budgets with rising risks
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“They [DirectDefense] have learned our culture, our environment, and they understand some of the security hurdles we go through, and they’re very cognizant of all of that when we work together to solve any type of security breach, or even just a “what if” type of conversation. We’ve learned to value and trust them, and I think that’s imperative with a cyber security company.”
VP and CIO / Marine Recreation & Technology Company