Three Key Elements CISOs Need to Consider While Selecting Security Solutions

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Three Key Elements CISOs Need to Consider While Selecting Security Solutions
Three Key Elements CISOs Need to Consider While Selecting Security Solutions

CISOs often install security solutions based only on blind faith. They can’t, however, rely on blind faith in the face of escalating cybercrime. They should examine key components to find and implement the right products and increase their incident response time while reducing impact.

Too often, it is assumed that a cybersecurity product is the best option for a company just because it is expensive, popular, or carries a well-known brand name. However, given the current state of the threat environment, this blind trust strategy is not only unnecessary but also risky. Cybersecurity solutions that businesses deploy could be the difference between a public relations and financial nightmare and successful incident response.

Organizations cannot trust their cyber technology stack will keep them safe as threat actors become more skilled and well-funded. Before a breach happens, CISOs must thoroughly examine each new and legacy security solution. Since CISOs are no longer solely accountable for an organization’s cybersecurity, they should also educate the other executive board members.

Holistic visibility that offers detailed insights 

Organizations have evolved into complex mashups of business applications and technologies as industries worldwide undergo digital transformation. Although this level of connectedness provides innovation opportunities, it also creates unforeseen data vulnerabilities. To offer complete protection, a modern cybersecurity strategy needs to take a comprehensive picture of an organization’s whole security posture.

CISOs should look for security solutions that offer holistic visibility for sophisticated monitoring capabilities. Businesses can evaluate their overall cyber health while gaining detailed insights into specific devices, endpoints, and networks by combining data from cybersecurity solutions like SOAR and SIEM. CISOs benefit from this by getting a broader and more in-depth understanding of their infrastructure. An organization’s defenses can be strengthened from the inside out when used in conjunction with zero trust architecture. 

Businesses can automate incident response and detection with the help of holistic integrations, which frees up the workload for already overworked IT and security staff. They can also respond to a data breach more quickly and effectively by taking a comprehensive approach supported by technology. Data breaches cost businesses money every second they go undetected for weeks or even months. The secret to a planned and timely reaction may lie in the detection and remediation solutions.

Also Read: Top Three Ways for CISOs to Gear Up for Erratic Cyber Threats

Cost-effective cybersecurity solutions

Although it is an essential part of any company, cybersecurity should not be expensive.

Companies must perform thorough research when evaluating prospective cybersecurity solutions to ensure the solution satisfies both financial demands and its cybersecurity requirements.

This entails finding any hidden expenses resulting from upcoming upgrades, product extensions, and other factors. A single security solution can end up costing businesses much more throughout the course of their lifetime than it did at the time of purchase or renewal. Security leaders should assess their current technology stack to identify areas for streamlining. A single new product can often effectively and efficiently do the tasks carried out by several legacy ones, saving both time and money.

Before choosing the security solutions, CISOs should create a deployment plan to ensure all parties agree regarding the schedule, expenses, and KPIs. This ensures that leadership is fully aware of what constitutes a successful implementation to maximize ROI. A successful rollout might open the door to further financing for cybersecurity.

Built to support continuous compliance and flexibility

Given how fines and legal costs can drive up the cost of a data breach, the necessity for strict compliance is often the primary impetus for many companies to look into new cybersecurity solutions. Therefore, to maintain compliance, any new cybersecurity solution must support the organization’s compliance strategy. Although no one solution can miraculously make a business compliant, it can undoubtedly support its efforts.

It is vital to keep in mind that governmental rules and laws can and will change over time, particularly when the nature of cyber-attacks, consumer rights, and business digital capabilities change. CISOs must know how the product vendor intends to adapt to these future changes and whether it will call for more funding or system updates on their part before choosing a cybersecurity product. If a product hasn’t been updated in more than a year, it is a warning sign that the vendor doesn’t intend to stay current. No matter what lies ahead, the ideal cybersecurity solution will be adaptable enough to assist businesses in quickly adjusting to changes in data privacy regulations.

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