The important question when developing a business case is: 'How much money should be invested in cybersecurity to achieve an acceptable risk level?' One of the common pitfalls in managing security risk controls is the misalignment between available organization’s resources such as talent, time, and the budget and risk mitigation plan. Yokogawa advises customers that taking control of security measures is a journey; which is not completed in one-day implementation. Moreover, the long-term plan aligning business vision, leadership commitment, and available resources drive the security journey. It takes time to achieve an acceptable security level by the organization with maintaining consistent effort and following to strategic planning of the cybersecurity budget in years ahead.
Developing a cybersecurity business case with Yokogawa
The business case that Yokogawa delivers is a translation of risk assessment and policies & procedures into a budget proposal to high-level management on how to implement total security program taking a life-cycle approach. Yokogawa understands the underlying challenges and collaborates closely with our customers to draw the most realistic security roadmap plan including consideration of allocation resources for mid-long-term plans. The security roadmap plan is reliable and comprehensive because it is based on the status of the plant that Yokogawa analyzes. From the outcome of the detailed security risk assessment and the policies and procedures as it should be according to international security IEC 62443 standard, Yokogawa tailors the security program for customer based on the priority of risks, company size, plant’s infrastructure, and develops the business case.
Customer benefits of developing a cybersecurity business case
Organizations who invest in developing a cybersecurity business case could realize the following benefits:
- The development of a technical implementation plan for cybersecurity protection also acts as a practical and purposeful tool for resource planning and communication.
- In some cases, it gets resolved of the pressure from related stakeholders demanding where your company’s cybersecurity level stands and which direction you would take to achieve future goals by building fundamental security requirements with details financial planning.
- As a consequence, it is easier to get high-level management interest and approval by visualizing a clear bird eye view on the merits of the investment.
- Moreover, it could bring more effective organizational team effort involving all employees. As the roadmap for coming years and achievable goals are clear across organization levels, it helps to strengthen employees’ understanding and their higher commitment to daily security performance.
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