Informed Decision Making
Critical information about cyber risks is communicated to stakeholders in business language.
Many security folks tend to provide too many technical details that may sound frightening but have a low chance to occur or cause a low impact on business. Using such data may lead to emotional decisions or excessive spending on low-priority initiatives. vCISO takes away the complexity of technical language and converts it to business language, such as Annual Los Expectancy, Probability and Impact Cost, Remediation cost.
Critical information about cyber risks is communicated to stakeholders in business language.
Security spending decisions are no longer a guess game. They are clearly prioritized based on Risk, Impact and Remediation/Acceptance cost.
Executives deal with dollar figures and technical folks with technical data.
Reduction of frequency and impact to levels acceptable by the business.
CIO performance metrics prioritize Availability and shift most of IT efforts towards achieving 99.999% availability. On the other hand, CISO/vCISO creates an adequate balance between Confidentiality, Integrity, and Availability (CIA), by focusing on confidentiality and Integrity.
No. 100% security can never be achieved without reduction of business functionality. CISO’s/vCISO’s job is to reduce frequency of attacks and minimize their impact to the organization.
Both CISO and vCISO are strategic resources. However, full-time CISOs tend to get involved in fighting fires rather than focus on strategy. Furthermore, full-time CISO very often comes at a high cost. Alternatively, many organizations tend to bring in vCISO, who is a qualified person and available to provide strategic services for the organization at a much lower cost than a full-time employee.
Many security folks tend to provide too many technical details that may sound frightening but have a low chance to occur or cause a low impact on business. Using such data may lead to emotional decisions or excessive spending on low-priority initiatives. vCISO takes away the complexity of technical language and converts it to business language, such as Annual Loss Expectancy, Probability and Impact Cost, Remediation cost.