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The Business Benefits of Adequate Information SecurityEvaluating the cost of a security breach
How do you do this when you are trying to prevent something from happening? How is ROI measured on insurance policies? How is it measured on information security programs? What is adequate security? These and similar questions are always asked by the C level officers especially the CEO and the CFO. Sometimes management of investments becomes a numbers game.
Without the numbers, the game is not played.
One way for companies to measure ROI on security programs is to analyze how much it will cost to perform and manage various security functions in-house compared with outsourcing. Some of the relevant issues in the area are related to personnel and technology implementation. Is the expertise in house? Can the company afford to hire the expert(s) as a full time employee/staff.
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