Demonstrating Business Value of Security Investments in the Age of Digitalization

Lucas Cardholm
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Lucas Cardholm: Coromatic Group, Bromma, Sweden

International Journal of Innovation in the Digital Economy (IJIDE), 2016, vol. 7, issue 3, 1-25

Abstract: Management may see security as an inhibitor to the daily operations if the investment is not well aligned with current business activities or is presented in financial terms not relevant to their agenda. While this article shows that security improvements create bottom-line business benefits, there is still a need for security managers to focus on quantifying those benefits in relevant financial terms. The purpose is to demystify the principles of general investment processes and criteria for calculating the benefits and costs of investments while accentuating alignment to the imperatives of the organization that makes the investment. When security investments are assessed alongside other investment projects it helps to consider them on an equal footing, implying the use of similar, and ideally the same, methods of financial cost projection. It is equally important to position and present the proposed investment in a relevant business context.

Date: 2016
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