The Business Value of Cybersecurity
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Cybersecurity is rising as a key issue on the radar of virtually all organisations. According to a recent AT Kearney report, cyber-attacks have been topping executives’ lists of business risks for three straight years. This concern is also driven by security and privacy becoming increasingly valued by customers, and by regulators stepping into the topic (GDPR in Europe, California Consumer Privacy Act of 2018).
Beyond this, it is now becoming crystal clear that cybersecurity – beyond good practice and good ethics – is quite simply good business. As a recent Cisco study made clear, cybersecurity will help fuel (and protect) an estimated $5.3trillion in private sector digital Value at Stake in the next 10 years. This is the kind of numbers boards cannot afford to overlook.
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