Important KPIs for Business Cybersecurity

Lines of code

It’s 2019, and almost everyone is online these days. But many people still forget about the importance of cybersecurity. This goes for both business organizations and individuals. Even though many companies are making steps towards securing their online and IT assets, they still have a long way to go.

A lot of companies simply don’t pay attention to their cybersecurity whatsoever, but they tend to use various internet services for their operations. One of the major reasons for this is that they don’t know which KPIs to follow to see how secure they really are.

Here are some of the most important cybersecurity KPIs (key performance indicators) for business organizations.

Total Number of Incidents

One of the first things you need to monitor is the number of incidents within a certain period of time. You can measure this KPI on a daily, weekly, or monthly basis. It is very important because it can tell you whether your actions have an effect or not.

This KPI can also help you learn why you have an increased or decreased number of security events. Based on the actions you’re making, you can recognize patterns which either increase or decrease the frequency of these events. This will help you make the right steps towards reinforcing your security.

Cost Per Security Event

This metric will primarily help you learn how money your business loses when a security issue occurs. However, this is not the only thing you can learn from this KPI. You can also learn the cost on a monthly basis and draw some conclusions from that.

Additionally, you can learn how good your security is when resolving events. If you have higher costs for certain events, then it is evident that there is something wrong with your current operations.

Time Until Detection

It’s very important to know how long it takes your organization to detect that there is something wrong with your security system. This can help you uncover potential weaknesses, establish better processes, or add new technologies that will reduce the amount of time needed to detect problems.

It can also help you get general insights into how effective your security actually is. On the other hand, when you look at this KPI for different issues, you can determine the issues you’re more efficient at detecting and invest in better security training for others.

Time Until Resolution

Knowing how long it takes your organization to deal with a security issue is very important. No matter how good a security system you have, there is always a chance that it will fail. Things are changing constantly, and cybercriminals are always uncovering new methods to harm companies.

This is why it is vital to keep your resolution time as short as possible. Learn how you can shorten this time and what kind of training your employees need to help them fix issues faster.

It’s absolutely essential to measure these KPIs and, apart from looking at them separately, try and see how they correlate with each other. This insight can give you more valuable information. For assistance within this process, reach out to Fulton May Solutions today!

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