11:00am - 11:45am The Cost of Cybercrime: Prioritizing Security Investments that make a Difference
Thursday Nov 2 - Best Practice Sessions, Room 232 - Second Floor
The number of security breaches and overall cost of cybercrime is on the rise—a massive US$11.7 million in the last year on average. Yet, many investments in security technologies are failing to deliver the best return on investment or effectiveness. Organizations need to recognize that spending alone does not always equate to value. Knowing which assets must be protected, and what the consequences will be for the business if protection fails, requires an intelligent security strategy that builds resilience from the inside out and an industry-specific strategy that protects the entire value chain. Many organizations may be spending too much on the wrong technologies. Making wise security investments in breakthrough security technologies like advanced analytics and artificial intelligence can help to make a difference.