The ‘value’ of cybersecurity comes from the losses that have been prevented as a result of its implementation.
A mitigative perspective recognises that the best preventive measures are not impregnable.
This is the perspective that everyone probably thinks of when we talk about cybersecurity.
With high profile cyberattacks such as WannaCry and the Sony hack grabbing headlines globally, everyone is aware of the increasing risk of cyberattacks. As such, businesses across the globe have decided to dedicate more resources to their cybersecurity budget. In fact, Bloomberg reports that US financial firms have plans to further increase cybersecurity spending in 2019.