Many business leaders are faced with challenges when it comes to budgeting for their cybersecurity program. With so many robust technologies and new threats emerging, business leaders are forced to make tough decisions on what areas to invest. Compounding this problem is the fact that many businesses are operating under plateaued or shrinking budgets. This means that many businesses are forced to find adequate ways to protect against a wider range of cybersecurity threats with fewer financial resources.

At LBMC Information Security, we’ve had hundreds of conversations with IT professionals over the years regarding budgeting challenges related to cybersecurity. One of the primary reasons BALLAST was created was because we wanted to provide businesses with an affordable tool that could help them create a sustainable cybersecurity management program.

Whether you’re working with a $1 million IT budget or barely have your program approved, there are ways you can be resourceful when it comes to enhancing or improving your program. Here a few practical ways you can strengthen your cybersecurity program with the help of BALLAST.

3 Cost-Effective Ways to Strengthen Your Cybersecurity Risk Management Program

Here are three simple and economical ways you can strengthen your cybersecurity program regardless of your budget:

  1. Determine if your current efforts are effective. There is no point in wasting when it comes to security. It’s important to know exactly where your strengths and weaknesses exist. Risk assessments are critical for evaluating that your people, processes, and technologies are all aligned to create an adequate cybersecurity program. With intuitive dashboards, BALLAST helps you determine if your current efforts are effective by providing real-time feedback on assessment activities and risk levels.
  2. Create proper accountability when it comes to remediation. Making sure your team and process owners are acting on the necessary remediation tasks is important, but it can be incredibly difficult. This is especially true for businesses with multiple locations. BALLAST allows you to seamlessly create, assign, and track remediation activities and due dates so that you and your team know exactly what needs to be done to strengthen your cybersecurity program.
  3. Stay up-to-date on the latest compliance regulations for your industry. As we’ve seen in the past, regulatory changes can happen almost overnight. Therefore, it has become essential for organizations to have a reliable process for ensuring their compliance management is up to speed, as well as a system of checks and balances to prove it. BALLAST is consistently updated with the latest pre-built threat listings and control standards.

 While it can be difficult for security professionals to acquire the budget needed for a proper cybersecurity program, these three ideas will hopefully make your job a bit easier and help you quantify the value of the invaluable work you’re doing.

Click here to learn more how BALLAST can support these areas and provide greater peace of mind when it comes to strengthening your cybersecurity program.

Mark Fulford

Mark Fulford

Mark Fulford, CISSP, CISA, ABCP, CRISC, is a Shareholder in the risk services division of LBMC, PC. With nearly 25 years of experience in information security audit and compliance, Mark understands how to translate technical jargon into actionable intelligence. With significant experience in healthcare, his expertise includes assisting companies with Sarbanes-Oxley, HIPAA & PCI, HITRUST compliance, as well as providing assurance to clients and their stakeholders through SOC 1 and 2 reporting engagements. More recently, his focus has been on helping organizations identify and manage information security risks through both guided and automated risk assessment techniques.