Unfortunately, cyber risks never take a day off. Even during challenging economic times, cybersecurity teams must remain vigilant with risk management despite often working with fewer resources. It’s no secret that managing risk today isn’t cheap–staffing, tools, and processes can become extremely costly for businesses in all industries. In fact, Gartner predicts 2024 will see a 14.3% increase from the $215 billion spent on security and risk management in 2023.
During economic downturns, the same threats exist, but organizations must cut back on expenses and reduce security resources, leaving many teams struggling to do more with less. Every dollar matters, so each step of the cybersecurity risk management process becomes critical, with an eye on maximizing efficiency and savings.
How can your business successfully manage risk during challenging economic times when cutbacks can significantly reduce resources?
It’s certainly not easy, but innovative organizations know how to get more with less when managing risk during economic turbulence. In this article, you will learn why the risk management process matters more in a volatile economy, which tools you should leverage, and how…
