IT budget on cybersecurity | Information Systems homework help

The Open Forum discussions are slightly different from the usual discussion board postings. You are not required to include a reference, unless you are using a source that should be referenced. These Open Forum discussions will be an ongoing discussion amongst you, your peers, and the professor. These will be open for two weeks (Modules 4 & 5). Your grade will be based on your initial input, your CONTINUED responses, inputs to the other responses and inputs throughout the two-week period. Although there are no right or wrong answers, these are to be engaging, interactive, creative, and candid, while still being respectful. The overall thought process here is for you to be free from restrictions and not tied to one “question-based answer” as well as keeping the conversations/dialogues ongoing. Consider including current situations/events. Initial Post due by Day 4 of Module 4:

• According to a study released by Deloitte (FS-ISAC/Deloitte Cyber & Strategic Risk Services CISO Survey Reports; 2019 and 2020; Deloitte Center for Financial Services analysis), the average company will spend somewhere between 6% and 14% of their annual IT budget on cybersecurity (Deloitte, 2021).Justifying a cybersecurity budget can be difficult to leadership. This is mostly because they want to see something that is relevant to the business goals. This is where you need to provide solid data points. Providing visibility into how you make these decisions increases leadership buy-in for your budget. To do this, you need to quantify how this will pay off.Discuss what data points you think will be useful to show that your budget aligns with the business goals and explain how you can quantify how this will pay off to leadership.