This is No Time to Retreat In Cybersecurity
bugcrowd.com | blog | #supply-chain | #risk-management | #bugcrowd | #cybersecurity-strategy | #ciso | #security-budget | #cybersecurity-budget | #breach-costs | #security-investment
Summary
Bugcrowd CIO Nick McKenzie argues cybersecurity budgets should be exempt from cost cuts: breach costs average $4.35M, and stock prices underperform for years after incidents.
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- Collected
--- id: 839 title: "This is No Time to Retreat In Cybersecurity" source_domain: bugcrowd.com source_url: "https://www.bugcrowd.com/blog/this-is-no-time-to-retreat-in-cybersecurity/" published_at: "2023-02-27 07:00" tags: ["supply-chain", "risk-management", "bugcrowd", "cybersecurity-strategy", "ciso", "security-budget", "cybersecurity-budget", "breach-costs", "security-investment"] phying_url: "https://phying.com/item/839" lang: en --- # This is No Time to Retreat In Cybersecurity ## Summary Bugcrowd CIO Nick McKenzie argues cybersecurity budgets should be exempt from cost cuts: breach costs average $4.35M, and stock prices underperform for years after incidents. ## Intelligence Metadata - **Sources:** bugcrowd.com - **Published:** 2023-02-27 07:00 - **Original:** https://www.bugcrowd.com/blog/this-is-no-time-to-retreat-in-cybersecurity/ - **Phying News:** https://phying.com/item/839