Optimizing Cybersecurity Investments in a Constrained Spending Environment>
News AKMI – Sierra Mitchel
Last month, a Wall Street Journal article highlighted how chief information security officers (CISOs) will increasingly see budgets constrained based on the growing economic uncertainty facing companies in 2023. So, how should CISOs manage through this uncertainty. Let’s start by acknowledging several planning constraints:

Regulatory expectations are nonnegotiable for corporate resourcing purposes and are likely to increase. New time-bound incident reporting regulations for public companies and critical infrastructure operators are pending, and the Biden administration’s soon-to-be-released National Cybersecurity Strategy is likely to call for fuller use of existing regulatory authorities across sectors. Threat actors are as active as ever and increasingly looking to identify and exploit weaknesses in core security technologies intended to defend us. Given the rapid proliferation of software across technology environments, it is practically impossible for most organizations to ensure that all systems are fully hardened and patched. Given these constraints, here are three steps that could help better optimize cybersecurity investments in a constrained spending environment:

1) Shine a light on underlying business and technology complexity. 2) Prioritize threat-informed defenses. 3) Rationalize third-party risk management.
Link: https://newsakmi.com/news/tech-news/cyber-security/optimizing-cybersecurity-investments-in-a-constrained-spending-environment/