How to improve ROI from your cybersecurity investments in 2023>
The European Business Review – Raghu Nandakumara
A shift from prevention to containment Research from ESG shows that 43 per cent of businesses suffer unplanned downtime from cyberattacks at least once every month. As companies realise that breaches are inevitable, breach containment is now the new paradigm in cybersecurity.

The rise of cybersecurity oversight committees Cybersecurity oversight committees will also help businesses to demonstrate their digital security capabilities to customers, stakeholders, and regulators. In a world where breaches can have major consequences, this is a key factor in building trust and achieving resilience. Such committees will ensure that their security programme is capable of supporting multiple business value pillars, such as trust, transformation, service, and security.

Quantifying the effectiveness of security efforts For security teams, this means leveraging new and better ways to quantifiably model threat actors and defences, for instance, through more widespread pen-testing. Resilience will become the sole metric of cybersecurity success Today, most organisations judge the success of their business continuity plan on whether they can recuperate within their Recovery Time Objective (RTO) to their Recovery Point Objective (RPO), but in 2023 any downtime will be unacceptable. More investment on surviving attacks not preventing them Research from ESG shows that organisations that have adopted ZTS save an average of $20.1 million in application downtime, avert five cyber disasters per year, and plan to accelerate 14 more digital and cloud transformation projects over the next year.

Cybersecurity insurers will also drive this shift, as they are tired of paying out for breaches that businesses could have contained or prevented.
Link: https://www.europeanbusinessreview.com/how-to-improve-roi-from-your-cybersecurity-investments-in-2023/