Optimal Spending on Cybersecurity Measures

The aim of this book is to demonstrate the use of business- driven risk assessments to meet the requirements within privacy laws. This book introduces the cyber risk investment model and the cybersecurity risk management framework used within business-driven risk assessments to meet the intent of privacy and data protection laws. This can be used by various stakeholders involved in the implementation of cybersecurity measures to safeguard sensitive data. This framework facilitates an organization's risk management decision- making process to demonstrate the mechanisms in place to fund cybersecurity measures to meet privacy laws and demonstrates the application of the process using two case studies: CatchMyData and Rapid Cloud Migration. This book also discusses the elements used within the cybersecurity risk management process and defines a strategic approach to minimize cybersecurity risks. Features Aims to strengthen the reader's understanding of industry governance, risk and compliance practices. Incorporates an innovative approach to assess business risk management. Explores the strategic decisions made by organizations when implementing cybersecurity measures and leverages an integrated approach to include risk management elements.