Posted on Mar 18, 2020
Information security metrics perform two important tasks. They allow your security team to understand your organization’s evolving security posture. They also allow you to explain your security posture to your organization's leaders.
That may seem simple enough, but knowing which metrics to monitor can be tricky. While some KPIs tell you a meaningful story about your company’s cybersecurity, others are meaningless. They might be vanity metrics that make your team look good in front of the c-suite. They might be KPIs that you found on a must-have list somewhere, but which don’t really apply to your specific situation. You might be tracking way too many metrics.
At best, these metrics clutter up your dashboards and confuse your leadership. At worst, bad metrics can give you a sense of false confidence when it comes to your cybersecurity, opening you up to attacks that you don’t even see coming. And that can cost you. According to Ponemon’s Cost of a Data Breach report, the average cost of a data breach is $3.92 million.
The key is to choose the right metrics for your organization — but that’s not easy. Below are five common mistakes organizations make when choosing cybersecurity KPIs, and some strategies that will help you avoid these common pitfalls.
SecurityScorecard’s Ratings offer a simple, easy-to track metric that allows you and your organization’s leadership users to understand the cyberhealth of your extended enterprise at a glance.
Our security ratings use an easy-to-understand A-F scale across 10 groups of risk factors with 87+ signals so you can see, at a glance, where your security problems are and what actions you should take when any issues are discovered. Our platform alerts you to problems as soon as they appear, and automatically generates a recommended action plan when any issues are discovered so you can stay proactive and prevent breaches before they happen.
Vendor management is the process an organization utilizes to assess and manage a third- or fourth-party vendor. Learn how SecurityScorecard can help.
Performing cybersecurity risk assessments is a key part of any organization’s information security management program. Read our guide.
Templates and vendor evaluations are needed to level that playing field, in a time efficient and fair way, so that the best vendors are chosen.
Co-founder and CEO, Alex Yampolskiy, speaks about the importance of measuring and acting on key indicators of cybersecurity risk.
You can’t manage what you can’t measure. Check out our list of the top 20 cybersecurity KPIs to track in 2021.
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