Mastering Cyber Security Investment Choices

In today's #reddshort, we sit down with @Michael Hui from @Arowana Corporation to discuss the challenges of implementing cyber security services.
Michael explores the challenge of educating businesses about the importance of cyber security despite their reluctance to invest. He raises thought-provoking questions about the apparent lack of willingness to spend on cyber security and the difficulty in communicating the "risk-reward" scenario. He also shares insights on the pricing dilemma, where businesses struggle to understand the level of protection they receive for their investment.
Navigating the business landscape is similar to selling something intangible - without an immediate return on investment, much like insurance. However, Michael anticipates a change as boards acknowledge their responsibility to shareholders and the growing cyber security threats. Legal requirements and contractual obligations are increasingly driving businesses to implement strong cyber security measures.🔒
You can listen to the full episode here redd.com.au/mi...
#CyberSecurity #BusinessStrategy #RiskManagement