Improve Cybersecurity Posture with Strategic IT Budgeting

Improve Cybersecurity Posture with Strategic IT Budgeting

Cloud computing, AI, ML, a growing hybrid workforce and mounting cyberattack threats are pushing businesses to consider higher IT budgets. In October of 2021, Gartner predicted IT spending would grow 5.5% to total $4.5 trillion in 2022. Budgeting and cyber resiliency can be a complex landscape to monetize. Predicting changes in the economic structure, and then implementing flexible security measures, is not a straightforward task. 

However, building a resilient infrastructure should not be an afterthought while planning out a yearly budget. Properly developing a strong cyber resiliency posture can save your business thousands, if not millions, of dollars over time. 

Excellent budgeting improves an enterprise’s future

Understanding how to budget for IT infrastructure means digging into what cybersecurity risks exist as well as how to best defend against them and recover from an event when it does happen. While there is no evergreen IT budgeting structure, investing in IT is key to supporting the future of your enterprise. 

The budget needs to incorporate resilience against a changing cyber environment. It should allow the business to scale and be flexible in the face of any societal impacts, like remote working, or even natural disasters that may result in downtime. The right course of action for budget leaders is to put the numbers away at first and consider what their IT infrastructure needs to protect against attacks. 

A risk-first approach will help a company intentionally decide on which parts of their business data has high value and which do not.

A budgeter should also consider the state of the business — whether it will cut spending, continue to plateau or grow. Cost optimization will assist in structuring an aligned budget. 

Aligning your budget with your goals

The process of developing an IT budget should focus on how the plan will achieve the company’s overall financial and technological goals. The big picture for a business scaling for the future should include how it will incorporate cloud computing technology to better stand against data breaches. The more resilient your infrastructure and internal teams are against an attack, the better your business will fare in terms of saving the company time, its reputation and cash flow reserve in rebuilding the network. 

Businesses need to balance enterprise resilience with cost targets to better align with their goals for the future. 

CFO highlights three key areas of assessing risks and evaluating budget needs: people, technology and processes, according to their fall 2021 blog. Cyber resiliency is a stack of technology, informed personnel and policies that are clearly communicated and understood.

Training your employees on what needs to transpire when an attack happens will be your best initial investment for cyber protection. While the technology will be your first line of defense, your employees can help prevent an attack from happening as well as jump into action when an event occurs. Personnel will be the eyes monitoring flows of data and deploying defenses if automated cloud infrastructure fails. 

Tech solutions will be the backbone of your business data stack. As cyber warfare continues to gain momentum against newer technology, a system- and network-wide security tech stack will keep your business running. While you don’t need to invest in every type of security to prevent an attack, here are a few you should consider:

  • Artificial intelligence (AI) and deep learning (DL): AI allows an online infrastructure to monitor several layers of information and authentication, while DL analyzes the data to detect any threats or unwanted activities. 
  • Embedded hardware authentication: Accreditation among users can help verify their identity and prevent unauthorized data sharing through multiple levels and methods of authentication. 
  • Behavioral analytics: Not only used to understand how your customers shop and browse the internet, behavior analytics also help determine patterns in a system and network to detect potential cyber threats in real time. 
  • Zero-trust model: Whether you’ve been attacked before or not, a zero-trust model is built on the premise that the network is already compromised. It includes protecting business-critical data, mapping internal and outbound data flow, segmentation and enforcing monitoring automation.

To develop an effective cyber resilience posture, the IT budget should account for the processes to secure the system fully. Both IT specialists and non-IT staff need to be aware of what steps to take for everyday cyber hygiene. Processes, like manual and automated backups, securing laptops between sessions, sharing passwords, and steps that need to be taken in the case of accidental data leaks are just a few of the procedures all employees, regardless of department, should be aware of. 

Assessing the impact of IT resilience

When determining which technologies to include and which to exclude in the budget, leadership should consider the impact the spending forecast will have on key performance indicators (KPIs) of the company. It will help to consider as well, how complex the system is to integrate. In order to streamline your cyber resiliency, you should choose technology that aligns with your company KPIs and creates efficiencies across your network. IBM Storage can be your all-in-one hybrid cloud resiliency solution. 

IBM Storage simplifies your data infrastructure with a robust software foundation that strengthens and streamlines storage in your hybrid cloud environment. Why is storage the best solution for your data resiliency? Because backing up your data in multiple components can help you quickly bounce back from an attack, clear the residual malware from your network and restart the system without ever losing any information. 

IBM Storage helps not only to automate your backup plan, but also simplify your infrastructure to drive faster results that are scalable and available from anywhere. It improves data security and performance with continual monitoring while providing accurate insights and analytics consolidated for more precise data understanding. All of this is done while lowering costs, speeding up data backup and recovery, and simplifying management with an integrated system that works with any of the major firewall and anti-malware technologies. 

Excited to get started with your budget that includes an efficient cyber resilient plan? Read more about hybrid cloud architecture on our website. Our friendly InfoSystem professionals are standing by to assist you. 

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