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This CEO Sees Metrics As Key To Optimizing Cybersecurity Spending



While demand for cybersecurity products and services continues to grow overall, it’s currently moving at a slower pace than it was before the pandemic. Gartner recently forecasted global IT spending will decrease 8% from 2019 to 2020, as CIOs prioritize “mission-critical” IT spending over growth and transformation initiatives.

However, the fact that cybersecurity budgets have decreased doesn’t mean that cyberthreats have diminished; in fact, they’re primed to capitalize on organizations that are faced with fewer resources. Therefore, enterprises can’t afford to reduce their defensive capabilities; they simply have to do more with less.

Forbes Technology Council member Hugh Njemanze is the CEO of Anomali, an intelligence-driven cybersecurity platform helping organizations make effective decisions by harnessing threat data, information and intelligence. He says organizations can make up for budget shortfalls during the pandemic by demanding that vendors provide more and better metrics showing specifically how products and services respond to threats.

“The free-for-all days of cybersecurity spending are over, for now, but the need to remain protected isn’t,” Njemanze said. “The new trend in cybersecurity is ‘metrics’ that demonstrate specifically what a product or service does, what adversaries it responds to, what attacks it stops and what breaches it can prevent.”

Anomali currently supports over 1,500 customers, including some of the world’s largest enterprises. “They all have unique business and IT environments but they all seem to be more and more focused on metrics – specifically wanting to know how well they are performing and how they measure up in comparison to peers,” Njemanze said. In his experience, answers to questions such as “Am I detecting as many threats as my peers?” and “Am I responding as quickly as I need to in order to minimize the risk to my organization?” are becoming increasingly important.

According to Njemanze, the benefits of having the answers to these questions extend beyond cybersecurity. “They also reveal where money and resources are being wasted and maximized, where progress is being made and, most importantly, which security and risk battles are the highest priority.”

Anomali has capitalized on the increasing demand for more and better metrics during the pandemic by giving its customers the ability to leverage built-in measurement capabilities that help them better assess the efficacy of their threat intelligence operations.

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