The cyber risk landscape is seeing a rapid expansion of sensitive data moving across interconnected networks and through millions of devices. Factors such as digital transformation, mergers and acquisitions, evolving regulatory compliance requirements, SEC cybersecurity rules and market dynamics are creating new challenges for security leaders, including how to reduce costs without increasing risks, and how to optimize the performance of existing cybersecurity investments.
Balancing agile risk strategies with cost optimization and business priorities
Cybersecurity financial management practices are evolving to support an ever-increasing need for digital optimization and transformation by increasing levels of operational speed, agility, flexibility and security. Agile security operations must be built around a set of guiding design principles that include business- and technology-related considerations such as security tool rationalization, productivity gains, strategic relevance, process optimizations, risk reduction and automation using generative AI and machine learning.
Wipro helps clients establish a baseline by assessing current cybersecurity spends against the maturity of the organization to identify cyber cost optimization opportunities. We then develop a strategic roadmap and operating model to execute, realize and measure prioritized cost optimization recommendations.
