How a vCISO Can Benefit Your Organisation

How A Vciso Can Benefit Your Organisation

A wide range of data is present in organisations today. This information, which has external value for competitors, nation-states, and cybercriminals, needs to be protected. A vCISO or Virtual Chief Information Security Officer is the role responsible for developing and implementing an organisation’s security strategy, and overseeing all aspects of its day-to-day security operations. The benefits of having a vCISO include having access to expertise that may not be available in-house, being able to scale up or down according to need, and having a more cost-effective solution than hiring a full-time CISO.

VCISOs can be used in a variety of different situations, such as when an organisation does not have the budget for a full-time CISO, when they need additional expertise, or when they need to scale up or down their security operations.

Introducing the vCISO – what they are and what they do

The vCISO is a relatively new role that has emerged in response to the growing need for organisations to have access to expert security advice and guidance. While the traditional role of the CISO is focused on technical aspects of cyber ecurity, the vCISO takes a more holistic approach that encompasses all aspects of an organisation’s security posture.

vCISOs use their years of cybersecurity and industry experience to help organisations build and manage their information security programs. vCISOs play a key role in developing the organisation’s security strategy, along with managing its implementation. The vCISO and his/her team might still have internal security staff who report to or work with them to implement an impactful security program. Moreover, a VRCISO is usually expected to be able to speak to an organisation’s board, executive team, auditors, or regulators about its information security posture.

The benefits of having a vCISO on board

There are many benefits to having a vCISO on board, including:

  1. Increased security: A vCISO can help to increase the security of your organisation systems by providing expert guidance and advice on best practices.
  2. Improved compliance: A vCISO can also help to improve compliance with industry regulations and standards.
  3. Greater efficiency: A vCISO can help to streamline processes and procedures, leading to increased efficiency and productivity.
  4. Cost savings: A vCISO can also help to save costs by reducing the need for expensive security hardware and software.
  5. Peace of mind: A vCISO can provide peace of mind by helping to ensure that your organisation’s data and information are secure.
  6. Better decision making: A vCISO can also help to improve decision-making by providing expert advice on security-related issues.
  7. Enhanced reputation: A vCISO can help to enhance the reputation of your organisation by demonstrating a commitment to

Use cases for a vCISO – when they can be helpful

A vCISO can be helpful in a number of different situations. Here are three common use cases:

  1. When you need extra security expertise

If you feel like your organisation could benefit from additional security expertise, but you don’t have the budget to hire a full-time CISO, a vCISO may be a good solution. A vCISO can provide the same level of security expertise as a full-time CISO, but on a part-time or project basis.

  1. When you’re undergoing a digital transformation

If your organisation is undergoing a digital transformation, a vCISO can help you make sure that security is taken into account at every stage. A vCISO can help you assess the security risks associated with your transformation project and put in place the necessary controls to mitigate those risks.

  1. When you’re launching a new product or service

If you’re launching a new product or service, a vCISO can help you ensure that security is built into the product from the ground up. A vCISO can help you identify the security risks associated with your product or service and put in place the necessary controls to mitigate those risks.

  1. Limited Budget

Organisations with limited budgets should consider hiring a vCISO. A vCISO typically costs between 30 and 40% of the cost of a full-time CISO. 

  1. A CISO’s skills must be specific to the company

Not all CISO’s have the same experience, expertise, industry institutional knowledge, etc. Consequently, it is difficult to find the right CISO to hire full-time. VCISOs, especially when they form part of a consultancy company, either have their own experience to address your specific needs or work as part of a team of consultants who, together, possess the skills and experience needed to meet your needs.

How to get started with a vCISO in your organisation

If you’re interested in getting started with a vCISO in your organisation, there are a few things you need to do. First, you need to assess whether your organisation would benefit from a vCISO. If you think a vCISO could be helpful, the next step is to find a reputable vCISO provider. Once you’ve found a provider, you need to decide what type of services you need and how much you’re willing to budget for those services. Once you have all of that sorted out, you can start working with a vCISO to improve the security of your organisation.

Find out more in our vCISO page here.

The Advantages of a vCISO Over a Full-Time CISO

As a foundational truth, if you have valuable and sensitive information within your organisation, you need some kind of information security program in place. To achieve the organisation’s information security objectives, someone must lead the security program forward and steer its vision, strategy, and implementation. 

As with any hiring decision, selecting between a CISO and a vCISO should depend on the organisation’s strategy (e.g., you should consider a CISO if you’ll need someone solely focused on your organisation long-term). On the other hand, if you have a designated IT team and need a cyber security expert to help you create, implement and manage an information security program that will require long hours during the implementation phase but fewer hours for security management, the vCISO is a better option. 

Click below for a free consultation with us. We will review your company’s security challenges and put together the next steps to enhance your security program.

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