Organizations can no longer afford to view cybersecurity solely as a cost center. Instead, businesses can turn it into a profit center by adopting a proactive approach and leveraging cybersecurity as a strategic asset. Whether through offering cybersecurity services, monetizing threat intelligence, engaging in cybersecurity insurance, capitalizing on compliance efforts, protecting intellectual property, or providing education and training, the opportunities to generate revenue from cybersecurity initiatives are abundant. Embracing these strategies enhances the bottom line and strengthens an organization’s overall resilience in the face of evolving cyber threats.
Today, cybersecurity is not just a cost to bear but a valuable asset to cultivate for long-term profitability and success. In a recent podcast, Chris Moschovitis from Technology Management Group (TMG) and Steven Halasnik from Financing Solutions, a leading provider of unsecured small business lines of credit, discuss “Turning Cybersecurity from Cost to Profit Center.”
Listen to the podcast or read the summary by clicking here. (Also available at the usual podcast services.)
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