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Cost-Optimize Your Security Budget

Every dollar spent should help reduce business-related risk.

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Contributors

  • Nicola (Nick) Sanna - CEO at RiskLens, President of the FAIR Institute
  • Jeff Tandy - Senior IT Security Specialist at General Dynamics Land Systems Canada
  • Two anonymous contributors

Your Challenge

  • Security budget has been slashed and the team needs to do more with less.
  • Mitigating risk is still the top priority, only now we to reassess effectiveness and efficiency to ensure we are getting the greatest level of protection for the least amount of money.

Our Advice

Critical Insight

A cost-optimized security budget is one that has the greatest impact on risk for the least amount of money spent.

Impact and Result

  • Focus on business need and related risks, review the risk reduction efficacy of your people, processes, and technology, justify what can be cut and what must stay
  • Info-Tech will guide you through this process, and by the end of this blueprint, you will have a cost-optimized security budget along with an executive presentation to explain your revised spending.

Research & Tools

Start here – read the Executive Brief

Read our concise Executive Brief to find out why you should cost-optimize your security budget, review Info-Tech’s methodology, and understand the four ways we can support you in completing this project.

1. Cost-optimize your technology and managed services

This phase will help you assess the efficacy of your current technology and service providers.

2. Cost-optimize your staffing

This phase will help you assess if layoffs are necessary.

3. Cost-optimize your security strategy

This phase will help you revise the pending process-based initiatives in your security strategy.

Guided Implementations

This guided implementation is a six call advisory process.

Guided Implementation #1 - Cost-optimize your technology and managed services

Call #1 - Assess technology spending.
Call #2 - Determine which technology is worth the cost.

Guided Implementation #2 - Cost-optimize your staffing

Call #1 - Identify any need for workforce reduction.
Call #2 - Discuss results of layoff assessment.

Guided Implementation #3 - Cost-optimize your security strategy

Call #1 - Identify strategy- and process-based cost reduction opportunities.
Call #2 - Review final results and presentation prep.

Search Code: 95060
Published: November 5, 2020
Last Revised: November 5, 2020

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