EPISODE 54: CFO Secrets: How to Secure Your Cybersecurity Budget

Compromising Positions - A Cyber Security Podcast

We all know running a cybersecurity function is expensive and many of us have a hard time successfully negotiating the budgets we need to keep our organisation safe.

But what if we let you in on the secrets of successfully securing your cybersecurity budget?

This week we are joined by Scott Robertson, CFO of CreateFuture and he gives us the insights on what you should ask for when it comes to your next yearly budget, how to ask for it and crucially (because timing is everything when it comes to money!) when to ask for it!

Key Takeaways:

What Does a CFO do? A CFO is not just about managing financials but also safeguarding assets and ensuring future stability through effective risk management.

Time Your Requests Strategically: Discover the optimal timing to approach your CFO for budget increases and how to align your requests with the organisation's financial planning.

Quantify the Cost of Risk: Learn how to effectively communicate the potential financial impact of cyberattacks and the value of preventive measures.

Build Strong Relationships: Cultivate relationships with key stakeholders, including the CFO and other executives, to foster trust and support.

Prioritise and Justify: Identify critical security needs, prioritise investments, and present a compelling business case to secure the necessary budget.