Cybersecurity is non-negotiable. Investments in cybersecurity can be split into three key fronts: 1) Technology (advancement of cybersecurity solutions to tackle the ever-growing nature of threats), 2) Operational, and 3) Talent (Lack of talent remains the biggest area of concern in the field of cybersecurity). There is no silver bullet when it comes to cybersecurity and organizations need to invest on all the key fronts.
Big Wall Street Firms spends roughly $500 Mn+ a year on cybersecurity (and has roughly 2,000 people working on this area) and views this as a risk management tool. Advancement in