Daring to Spend IT Wisely: Security KPIs that Will Protect Your Company's Assets!
Published: Tue, 01/17/23
When it comes to budgeting for IT security, the priorities must be clear.
What to spend on and what not to?
Should you invest in the latest up-to-date anti-virus software or get the fancy new firewall?
Well, to answer these questions one must first look at what currently consumes the greatest portion of your IT
security spending or budget.
And it's no surprise that these top IT security spending priorities are the same things that keep all of our data safe from cyber criminals: firewalls, virus protection software, encryption services, and more!
So when it comes to safeguarding your network, remember to invest wisely: use the right IT security spending KPI metrics to make sure those cyber ghouls won't be getting inside your system!
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For example, are you tracking these KPIs:
1) Risk management program effectiveness
2) Staff training & compliance effectiveness
3) Number of successful cyberattacks
4) Severity, frequency and duration of security breaches
5) Time to detect and respond to threats
6) VPN utilization rate and uptime
7) Data encryption compliance rate
8) Scheduled security audits
9) Upstream ISP/third-party service level agreements
10) Cost savings resulting from IT security spend
1.
I've used the IT Security Spending metrics from The Art of Service and it has been a great help in getting our IT Security budget into shape.
The team quickly developed an understanding of the costs associated with security, allowing us to make informed decisions going forward.
We feel comfortable that our money is well spent on keeping our network safe.
2.
The IT Security Spending metrics from The Art of Service has enabled us to take control of our IT Security spending.
Not only does it provide us with an accurate benchmark for security costs, but it also provides us with insight into what we should be spending our money on.
We've been able to become much more cost-effective in our security efforts and are confident that our network remains safe at all times.
3.
We've recently transitioned to The Art of Service's IT Security Spending metrics and have already seen the benefits it has had to our IT Security budget.
It has given us the ability to
accurately assess IT security costs before we invest, which has enabled us to better allocate funds and get the most out of our system.
I wouldn't hesitate to recommend this to any company looking to improve their security posture.
PS: Check out all standards
and metrics included here: (requires sign up for a free Airtable account)