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Smart Spending: 6 Tips for Allocating your Cybersecurity Budget

Smart Spending: 6 Tips for Allocating your Cybersecurity Budget

Pages 8 Pages

SecureWorks provides a guide with six key tips for efficiently allocating your cybersecurity budget to make the greatest impact. This includes understanding both the evolving threat landscape—such as frequent ransomware attacks—and your own business landscape, defining unique risk tolerance and budget flexibility based on organizational priorities like mergers or digital transformation. They emphasize the importance of monitoring and measuring performance with strong KPIs, deciding between risk-based or tactical spending, and choosing between in-house or managed security services. Additionally, leaders should identify "big ticket" investments aligned with IT infrastructure projects.

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