Top 5 Essentials to Optimize your 2023 Cybersecurity Budget

Want to maximize your security protection while reducing your security spending for the upcoming year? Here is your roadmap to optimizing your 2023 Cybersecurity budget.

1. Develop a security plan utilizing a 3^rd party security risk assessment

A security plan that is defined by a 3^rd party risk assessment is a vital first step. Risk Assessments identify security gaps that make you vulnerable to significant risks. However, investing in large-scale cybersecurity protection before succumbing to those security risks can optimize your security spending, saving you more money over time.

2. Identify new essential security solutions

Determining optimal security solutions to address new security risks is a critical step in cybersecurity coverage. External changes such as moving employees, servers, or applications to cloud storage allow a company to become susceptible to cyberattacks. Left unprotected, cyberattacks such as ransomware, zero-day attacks, supply chain attacks, and advanced persistent attacks can ravage a system. However, new solutions including Endpoint Detection and Response (EDR) solutions, CASB, and ZTNA can secure cloud storage and remove unwanted assets.

3. Define a phased plan to implement your 2023 security roadmap

Defining a focused strategy with the right priorities can allow you to determine a coordinated timeline that can facilitate optimal cybersecurity implementation. It is better to provide the right security a bit later than to provide the wrong security today.

4. Discover cost-effective next-generation security to replace current solutions

Again, security is always evolving, and companies need to stay up to date with the latest security risks. Thus, it is optimal to look for next-generation solutions when working with your cybersecurity partner. These solutions are designed to prevent, detect, and respond to the latest cyberattack methods. For example, Endpoint Detection and Response (EDR) can cope with attacks that evade typical security protection. Likewise, CASB and ZTNA can address the protection of distributed servers, users, and applications. These tools work in tangent with security monitoring services to promote overall cybersecurity.

5. Utilize managed security & managed security monitoring to reduce overall costs

Comprehensive managed security requires 1) skilled expertise, 2) redundant security staff, 3) 24×7 Security Monitoring. However, comprehensive managed security can be expensive and unfeasible to maintain internally. This is especially true for overall security monitoring which is both complex and requires highly trained 24×7 staff.

Outsourcing managed security through a professional cybersecurity company, can alleviate the large burden on your business. Our team at eSecurity Solutions is trained to provide high-quality cybersecurity solutions that save you time and money.

Setting your budget up for success 

Today’s digital world is full of risks and threats that can come from anywhere. And it doesn’t matter how small or large your company is, you have to be ready for them.

Companies need to have a good cybersecurity strategy in place to protect their customers, employees, and other stakeholders. The best way to do this is by proactively defining your cybersecurity budget and plan. Let us at eSecurity Solutions set your 2023 security budget up for success. We have the experience and expertise to help you make the right decisions.

Be one of the first 5 businesses to contact us with your cybersecurity needs and we will offer you a FREE risk assessment.

Subscribe to our monthly newsletter to get the latest cybersecurity news delivered straight to your inbox.