Meaning ● Cybersecurity Value Driver, for Small and Medium-sized Businesses (SMBs), quantifies how cybersecurity investments directly support core business objectives, especially regarding revenue generation, operational efficiency through automation, and the successful implementation of new technologies. Its calculation transcends mere cost avoidance, providing a business-centric view on security expenditure. By aligning cybersecurity with strategic goals, SMBs can make informed decisions about resource allocation.
Description & Scope ● For SMB growth, Cybersecurity Value Drivers are the quantifiable benefits an organization receives from its investment in cybersecurity, showing how protection translates into tangible assets like increased customer trust or market share. Successful automation relies on secure systems; therefore, a driver here might be the reduced risk of downtime, measured in cost savings. With new technologies needing protection, a value driver might highlight avoided losses from potential data breaches tied to emerging platforms, enhancing overall business implementation strategies. Driving revenue can be supported by cybersecurity, for instance by enabling more secure cloud adoption in the business structure. The scope further extends to enhancing regulatory compliance, thus avoiding business penalties while solidifying customer retention.
