The Million Dollar Question of Cyber-Risk: Invest Now or Pay Later? | SC Media

The Million Dollar Question of Cyber-Risk: Invest Now or Pay Later?

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The Million Dollar Question of Cyber-Risk: Invest Now or Pay Later?

This cost-savings, bolt-on approach to implementing cybersecurity might yield short-term financial savings that leave the finance department feeling good. But it also leaves organizations in a "pay me now, pay me later" scenario that runs the risk of significant financial loss and damage to customer satisfaction and market reputation in the long run. Resulting breaches devalue and compromise any digital transformation and/or customer-facing programs, resulting in lost time, money and, most importantly, customer faith.

In an increasingly insecure world where security and availability are the cornerstones of the digital consumer, organizations must reevaluate how they balance the investment versus risk equation and alter how and when they implement cybersecurity.

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