THE COMPLEXITY OF RESOURCE UTILIZATION
Nowadays, organizations are confronted with a critical and multifaceted challenge: effectively harnessing their resources while maximizing the return on investment (ROI) in safeguarding their organization. As the threat landscape continues to evolve and resources remain limited, organizations must adopt a strategic and proactive approach to resource utilization and ROI optimization.
One of the key aspects of any successful cybersecurity strategy lies in the allocation and management of resources. However, organizations often find themselves grappling with the intricate task of integrating, fine-tuning, and leveraging the most suitable security tools. Furthermore, the scarcity of specialized cybersecurity skills further compounds the challenges associated with resource utilization. To overcome these obstacles, organizations must make informed decisions, maximize the potential of their existing workforce and, ultimately the ROI of their cybersecurity investment.
21%
of organizations identified lack of skilled employees and high turnover rates as their primary challenge next year.
Garter 2023 Midsize Enterprise Summit Spring End User Survey
THE ROI CONUNDRUM
Measuring the ROI in cybersecurity investments is a daunting task that goes beyond upfront costs. It requires organizations to consider the long-term value and effectiveness of their security measures. With the ever-evolving threat landscape and sophisticated cyber-attacks, quantifying the tangible benefits of cybersecurity investments becomes even more complex. This challenge is particularly prevalent for midsize enterprises (MSEs) and organizations at large, who struggle with managing multiple security vendors and disparate security tools. The sheer number of subscriptions, dashboards, security updates and, of course, logs creates difficulties in effectively managing, monitoring, and responding to security alerts, which hinders organizations from fully realizing the value of their cybersecurity investments.
However, there is a growing trend toward security vendor consolidation, with 94% of MSEs planning to consolidate their security vendors within the next year. This consolidation allows organizations to streamline their operations and optimize resource utilization, ultimately improving their cyber ROI.
BENEFITS OF SECURITY VENDOR CONSOLIDATION:
Consolidation can bring significant benefits in optimizing resources and improving ROI, without falling into the trap of vendor lock-in or compromising on the existing technology stack. Contrary to misconceptions, consolidation does not necessitate a complete overhaul of the current tech stack for one-stop-shop solutions. Instead, integrated and vendor-agnostic security platforms enable seamless multi-vendor integration, allowing organizations to retain their existing investments in multi-vendor security solutions. This approach offers the flexibility to tailor the security strategy to meet specific needs, leveraging the strengths of different vendors while maintaining security effectiveness. It empowers organizations with the freedom of choice, enabling them to optimize their resources and enhance their ROI in cybersecurity without sacrificing the benefits of their current multi-vendor security ecosystem.
In addition to the aforementioned advantages, it is imperative to emphasize the significance of interoperability and seamless communication within consolidated security platforms. These platforms should prioritize the integration and coordination of diverse security solutions, enabling comprehensive visibility and control across the entire security landscape. By ensuring effective interoperability, organizations can leverage the combined strengths of different security tools and technologies, fortifying their defenses against emerging threats.
AUTOMATION RULING THE NATION 📣
Moreover, automation emerges as a pivotal factor in maximizing the benefits of security vendor consolidation. Through the automation of critical processes such as security controls assessment, root cause analysis investigations, and security stack optimization, organizations can streamline their operations, boost efficiency, and extract greater value from their cybersecurity investments. Automation reduces manual effort, expedites incident response, and empowers proactive security measures, thereby amplifying the efficacy and return on investment of the consolidated security platforms.
OPERATIONAL INTEGRATION AND MAXIMIZING INVESTMENTS:
To optimize resources and achieve enterprise-level efficiency, organizations need to emulate large-scale practices. Consolidated security platforms, like Veriti, offer more than just functionality; they prioritize operational integration. Veriti provides a unified, governing platform that proactively monitors and remediates security gaps and misconfigurations across the ENTIRE security infrastructure.
Veriti automates security configuration optimization and implements zero-business-disruption verification procedures that streamline all remediation and mitigation procedures. This includes employing machine learning to verify the organization’s security configurations, ensuring maximum value without disrupting business operations. Additionally, Veriti reduces the number of false positive events, enabling security operations teams to expedite investigations, identify high-risk events, and dramatically improve mean time to resolution (MTTR). Furthermore, Veriti automates security controls assessments and offers change management for seamless handling of required actions, from discovery through triage, remediation, and validation of changes.
