Security Metrics Are So Yesterday: Why You Need a Business Value Assessment Now!
Traditional security metrics leave executives scratching their heads while wondering, “What does this mean for our bottom line?” Enter the Business Value Assessment (BVA) with a cape and a calculator! This superhero of assessments connects security exposures to tangible financial outcomes, ensuring cybersecurity finally speaks the language of business.
Hot Take:
Security teams are like over-caffeinated jugglers, trying to keep a dozen flaming torches in the air while the board demands they also crochet a financial safety net. Enter the Business Value Assessment (BVA) – the method that promises to turn those flaming torches into a well-choreographed (and profitable) fire dance.
Key Points:
- Traditional security metrics don’t translate well to business impact.
- The average cost of a data breach is a whopping $4.88 million.
- A BVA connects security exposures to financial consequences.
- BVA focuses on cost avoidance, reduction, and efficiency gains.
- Delay in addressing risks can cost companies up to half a million dollars monthly.
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