Cost of Insider Threats vs. Investment in Proactive Education and Technology

When it comes to security, education or technology-based solutions, we can potentially save organizations a significant amount of money.

Cost of Insider Threats vs. Investment in Proactive Education and Technology

What is the value of education, or more technology? These questions at times occupy the minds of people especially when they’re getting ready to make an investment of time or money in one of the two. In regards to security, education or technology based solutions can potentially save organizations a significant amount of money.

Defining ROI in security
The strength of an investment is normally measured by the certainty and size of return it will provide. The proposals with the most profitability potential usually win; which is what makes cyber security proposals such a hard-won investment. When pitching for an investment almost every department will emphasize the urgency of their need for funds, and often they can prove profitability.

However, in security an investment does not provide more revenue normally, but it does provide savings during the inevitable cyber attack. In the security discipline we usually call this loss prevention, while in business this falls under the category of opportunity cost. When executives talk about opportunity cost, they are attempting to measure the value of one investment option against another one. >> Click to Continue Reading on CSOOnline.

Isaac Kohen

Isaac Kohen

Isaac Kohen started out in quantitative finance by programming trading algorithms at a major hedge fund. His time spent in the financial world and exposure to highly sensitive information triggered his curiosity for IT security. He worked as an IT security consultant for several years where he spearheaded efforts to secure the IT infrastructure of companies with masses of confidential data. When Isaac first entered the industry, IT norms were to prohibit and lock out as many people as possible to protect data. He found that this was a very ineffective way of solving the issue because it made it hard for many people who wanted to cause no harm, to do their jobs. He decided to focus on algorithms targeting user behavior to find outliers within the companies he consulted with to help detect insider threats.

Isaac can be contacted at ikohen@teramind.co

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