Learn how to articulate the ROI of Noetic in today’s boardrooms with the insights from Brad LaPorte’s research—From Risk to Returns: Noetic Cyber Asset and Exposure Management. Explore the platform’s transformational role in driving business continuity, minimizing breach risks, maximizing operational efficiency, and ensuring regulatory compliance.
Increasing investment in security controls without demonstrating a credible return of investment (ROI) story does not cut it in today’s boardrooms. Establishing credibility within the organization hinges on the tangible benefits illustrated by the program. This is especially true for security and risk leaders, where technical discussions around cyber risk can often take the backseat to other business initiatives.
To foster a better understanding of cyber risk across the organization, stakeholders must be well-informed about the relevant trends and drivers, including shadow IT, the financial ramifications of data breaches, the human factor in security, stringent governance, risk, and compliance (GRC) demands, and security tooling efficacy.
Through heightened awareness and strategic investments in cybersecurity initiatives, stakeholders can collaboratively work towards building a resilient and adaptive security environment.
In response to these and many more increasing risks, most (71%) organizations are already considering a continuous threat exposure management (CTEM) program (Gartner, Top Strategic Technology Trends for 2024). However, the fact that “everyone’s doing it” doesn’t guarantee automatic stakeholder support and buy-in for all supporting technologies.
An effective cybersecurity asset management strategy is an essential foundation for CTEM, providing the requisite visibility, context, and control. However, the crucial question persists: How do we effectively articulate the potential returns within the boardroom?
To address this challenge, let’s explore rationale underpinning the prioritization of cybersecurity asset management with Noetic as the linchpin of exposure management.
- Drive Business Continuity and Resilience
A cybersecurity asset management solution is a centralized platform that seamlessly integrates data from existing tools and databases. With Noetic, this integration streamlines the efforts of aggregating and correlating data from infrastructure, applications, cloud environments, users, spreadsheets, and more to foster better coordination and collaboration. In turn, teams can swiftly identify and resolve potentially high-impact vulnerabilities, ensuring critical business processes face up to 40% fewer business process disruptions—all while preserving valuable time and resources.
- Minimize the Risk and Repercussions of a Data Breach
Implementing technology that reduces the overall likelihood of a data breach inherently helps mitigate the associated financial and reputational risks, therefore preserving the organization’s bottom line. Noetic plays a pivotal role in averting the financial consequences of material breaches—enabling up to a 30% reduction in major data breach incidents by uncovering unprotected assets and high-risk vulnerabilities.
- Maximize Security Operations and Incident Response
A fully functioning exposure management program isn’t just about streamlining processes; it’s about empowering your existing teams and tools to operate at their full potential. With the automation capabilities of Noetic, organizations can revolutionize the cyber asset identification process, slashing the time and effort required for incident response and remediation. With Noetic in the arsenal, teams can experience a staggering 70% reduction in cyber asset investigation time and a 90% reduction in the number of SecOps resource hours devoted to manual investigation and identification of cyber assets.
- Ensure Governance, Risk and Compliance
Each year, companies allocate an average of 4,300 hours to achieve or uphold compliance standards. However, 76% of companies adhering to a point-in-time compliance strategy perceive the effort as burdensome (Drata). With comprehensive visibility and controls monitoring, organizations can streamline their GRC efforts, consolidating around a leaner set of essential tools.
This consolidation enables teams to produce comprehensive reports that effortlessly demonstrate adherence to regulatory requirements, saving valuable time and resources previously spent on manual efforts like audits and external assessments. Additionally, seamless integration with existing GRC tools like ServiceNow or Archer drive even more efficiencies.
As a result, teams can swiftly identify and address compliance gaps, proactively managing their cyber asset attack surface to ensure continuous compliance. By preventing costly non-compliance fines through vigilant monitoring of key technical controls and reducing manual GRC workload by over 60% through automation, Noetic adopters can experience tangible results and significant cost savings almost immediately.
The value of cybersecurity asset and exposure management, epitomized by Noetic, lies in its ability to drive business resilience, mitigate breach risks, maximize operational efficiency, and ensure regulatory compliance. By leveraging the Noetic platform capabilities, organizations can not only enhance their security posture but also showcase the direct influence of security measures on the company’s bottom line, earning credibility and support within the boardroom.
Discover more ways teams are maximizing their security returns with Noetic:
From Risk to Returns with Brad LaPorte and Jamie Cowper (42 min)
*** This is a Security Bloggers Network syndicated blog from Noetic: Cyber Asset Attack Surface & Controls Management authored by Alexandra Aguiar. Read the original post at: https://noeticcyber.com/value-of-cyber-asset-and-exposure-management/