The rise in cybercrime and the escalating importance of IT security for Middle East businesses has been well documented in the media. Today more and more, IT systems are being leveraged to accelerate business growth, which simultaneously escalates the risk they face in the event of a successful attack. To avoid this, IT departments have had to establish a delicate balance between investing in the latest technology solutions and ensuring that these systems are robust and secure. Often, this requires additional investment in a security product which adds to the overall cost of the implementation.
While IT teams understand the need for a security solution, it is rare for the CFO to be so easily convinced. The role of the CFO is to understand the financial benefit of a project, which is why it is difficult for them to understand why they should invest in security. If the security implementation does not provide a Return on Investment (ROI), then how can one financially justify the project? This is a common question faced by security professionals, who can measure the impact of a security incident, but are challenged when asked to justify the benefit of solutions designed to prevent losses...Read More
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