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IDG Contributor Network: How to calculate ROI and justify your cybersecurity budget

Discussion in 'CSO' started by RSS, Dec 1, 2015.

  1. RSS

    RSS New Member Member

    Almost eight years ago, Bruce Schneier wrote a great article about the problems of ROI calculation for cybersecurity spending within organizations. Since then, both annual spending on cybersecurity and the cost of global cybercrime have significantly increased.

    Despite that organizations increased their information security budgets by 24 percent in 2016, many security officers still have to justify to their management every extra thousand spent on cybersecurity. Traditionally, Europe is more conservative than US, and many more European security officers are asked to reduce their initial cybersecurity budgets by removing some items or replacing them with less expensive alternatives.

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