As you know, cyber attacks pose a major threat to U.S. industry and government. However, it can be difficult for executives to quantify the benefits of implementing cybersecurity measures. We have developed an innovative framework to help justify cyber investments and mitigate risk to organizations through implementation of a comprehensive cybersecurity strategy.
The Challenge:
On average, US businesses fall victim to 1.7 successful cyber attacks per week. The frequency, complexity, and costs associated with attacks is also increasing across industries. Despite these trends, many organizations are reluctant to increase cybersecurity spending because they are unable to accurately quantify the financial value of prospective cyber investments.
The Solution:
Cyber ROI provides a standard and defensible framework for quantifying the benefits of cybersecurity investments and implementing a cyber investment management system. This methodology helps organizations make more calculated cyber investment decisions and channel available funds to address the highest priority security needs.
Benefits:
Cyber ROI enables security executives to justify investments by calculating financial value in terms of risk reduction, mitigate risk by identifying potential areas of weakness in cyber defense and appropriate cybersecurity projects to address gaps, and advance organizational maturity by focusing executive attention on the evolution of cybersecurity capabilities over time.
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Booz Allen Hamilton has been at the forefront of strategy and technology consulting for 100 years. Today, Booz Allen is a leading provider of management consulting, technology, and engineering services to the US government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations. The firm is a well-known, trusted, and long-term partner to our clients, who seek our expertise and objective advice to address their most important and complex problems.[/su_box]
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