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... Gerald Wicker (CFO) has focused on developing a security strategy that focuses on evaluating internal systems, ranking risks, and funneling investments appropriately. ... By creating methods for quantifying the cost of risks companies can approach security in a systematic way. The article then lists six ways to help select what type of cyber security.
1) Conduct an inventory and develop a risk profile
2) Use cost benefit analyses to determine the optimal level of protection
3) Consider factors other than ROI when evaluating products
4) Understand non-quantifiable risks
5) Reevaluate risk and vulnerabilities on a regular basis
6) Embrace standardization and involve multiple departments
In class we learned about ROI and how it measures the overall effectiveness of management in generating profits with it’s available assets (page 59).
Approximate Word count = 437
Approximate Pages = 1.7
(250 words per page double spaced)
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