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Justifying Cyber Security Spend: The CISO’s Guide to a Data-Driven Budget | Kovrr blog

Amid economic challenges and restricted budgets, CISOs are struggling to secure adequate funding for crucial cybersecurity measures. A financial Cyber Risk Quantification (CRQ) solution can help CISOs demonstrate return on investment and justify their budget proposals. The software quantifies the impact of cyber incidents in monetary terms, assists in decision-making and can compare industry benchmarks. CRQ also facilitates improved communication with stakeholders by translating technical cybersecurity terms into financial language.

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