Balancing Cybersecurity: Technology, Cost, and Risk PPT
This PPT slide, part of the 23-slide Risk Management: Cybersecurity Strategy PowerPoint presentation, presents a framework for balancing Technology, Cost, and Risk within a cybersecurity strategy. It emphasizes that while it's crucial to minimize risks associated with data theft and espionage, organizations must also ensure that security measures do not hinder operational efficiency. Two companies are used as examples to illustrate ineffective decision-making.
Company A's policy aims to minimize risks by disallowing employees from bringing laptops and mobile devices to high-risk countries. However, this approach negatively impacts work efficiency, particularly during regional business trips. The slide highlights that while the intention is to protect sensitive data, the policy can lead to operational disruptions.
In contrast, Company B focuses on elevating IT and information security through strict data storage policies. Employees are restricted to using company-issued computers and are prohibited from accessing wireless networks in the office. This strictness, while well-meaning, complicates standard work tasks, making it challenging for employees to perform their duties effectively.
The overarching message is that a balance must be struck. The slide suggests that organizations should identify their "sweet spot," where the needs of customers align with the company's operational capabilities. It references the 80:20 rule, indicating that a small percentage of customers often contributes to the majority of profits. Finding this balance is crucial to avoid wasting resources on ineffective policies.
The concluding analogy compares the situation to a golfer struggling to make progress without a balanced approach. This reinforces the idea that without a proper equilibrium among Technology, Cost, and Risk, organizations may expend significant effort without achieving meaningful results.
This slide is part of the Risk Management: Cybersecurity Strategy PowerPoint presentation.
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Cyber Security Risk Management Standard Work Disruption Cybersecurity
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