How to Measure the ROI of CISO Advisory Services

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Okay, so, figuring out if those CISO advisory services are, like, actually worth the money...

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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thats the whole point of measuring their ROI, right?

How to Measure the ROI of CISO Advisory Services - managed it security services provider

Its not just about throwing money at a problem and hoping for the best.

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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(Though, sometimes it kinda feels like that, doesnt it?)

First off, you gotta define what "return" even means to your org.

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Is it, like, fewer breaches?

How to Measure the ROI of CISO Advisory Services - managed it security services provider

Lower insurance premiums?

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Better compliance scores?

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Probably a mix of all that jazz, honestly.

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And you gotta figure out a baseline before the advisors even walk in the door, or your just guessing.

Think about it: If you were already kinda secure, then a slight bump in security isnt gonna be huge. CISO advisory services . But if you were, like, leaving all the windows unlocked and the front door wide open, then any improvement is gonna look amazing. So, pre-advisory assessment is key.

Now, the "investment" part is easy. Its how much youre payin the advisors, plus any internal resources you have to put into the project (like, your teams time).

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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Dont forget to factor in those things, they add up quick.

Then the tricky part comes: actually measuring the impact.

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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Did the advisors reduce the likelihood of a major incident?

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(Hard to prove a negative, I know.) Did they help you avoid a huge fine because youre now hitting compliance requirements?

How to Measure the ROI of CISO Advisory Services - managed services new york city

Did they streamline processes, freeing up your team to work on other important stuff?

You gotta look at both the tangible and the, uh, less-tangible benefits.

How to Measure the ROI of CISO Advisory Services - managed it security services provider

Tangible is easy: reduced insurance, avoided fines, etc.

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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Less-tangible is things like improved employee morale (because theyre not stressed about security all the time) or enhanced reputation (because youre seen as a security-conscious company). Those are harder to quantify, but still important! Maybe do a employee survey before and after to get a sense of how people are feeling.

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Ultimately, its about comparing the cost of the advisory services to the benefits youve gained.

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And dont expect a perfect, precise number.

How to Measure the ROI of CISO Advisory Services - managed it security services provider

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Security ROI is a bit of an art, not a science, (if you ask me). Use the data you have, make some reasonable assumptions, and be honest about what you can and cant measure. And yeah, maybe a little bit of gut feeling too, lets be real.