Cybersecurity Strategy: Building a Balanced Scorecard with Effective KPIs

Enhance your cybersecurity measures with a strategic approach using the Balanced Scorecard framework. This guide delves into creating a comprehensive cybersecurity strategy, integrating key performance indicators (KPIs) across financial, customer, internal, and learning perspectives.

Learn how to quantify risks, measure the impact of data breaches, and implement effective data protection strategies. Perfect for IT professionals and business leaders aiming to safeguard their organizations against cyber threats.

1. STRATEGY PLANNING SOFTWARE
Data Security Scorecard
How to create a comprehensive
cybersecurity strategy
measurable by KPIs

2. STRATEGY PLANNING SOFTWARE
Data Security vs. Data Privacy
Data/Information Security
Maintaining secure architecture to manage data
Data Protection
The ethical and legal use of data
Cybersecurity Security Strategy

3. STRATEGY PLANNING SOFTWARE
How Does Cybersecurity Strategy Help?
Base for the discussion:
justify cybersecurity
budgets
Align cybersecurity
initiatives to other parts
of the strategy
Convert some vague
ideas into something
more tangible

4. STRATEGY PLANNING SOFTWARE
Will the Cybersecurity Strategy Prevent Data Breaches?
Most of the data breaches are caused by known
factors like:
●Compromised credentials (19%)
●Phishing (14%)
●Cloud misconfiguration (19%)

While we cannot prevent all data
breaches, the data shows that we
can minimize their impact on the
organization
Reports for reference:

● Cost of Data Breach Report by IBM
● Verizon’s Data Breach Investigations Report
● EY Global Information Security Survey
● FireEye M-TRENDS Report

5. STRATEGY PLANNING SOFTWARE
Outcomes and Drivers of Cybersecurity Strategy
●Implement security automation
●Have a response team and response plan
ready
●Educate employees
●Test business environment
Expected
outcomes
Drivers
●[Stakeholders] Reduce potential financial
damage from data breach
●[Customers] Mitigate data security and data
protection risks
* Access Cybersecurity Strategy template under the BSC Designer free plan

6. STRATEGY PLANNING SOFTWARE
Stakeholder’s Interests
Cybersecurity Strategy Map

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Customers
Cybersecurity Strategy Map

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Weighted Risk Index

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Binary Indicators for Readiness Index

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Internal Perspective
Cybersecurity Strategy Map

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Weighted Index of Data Security Complexity

12. STRATEGY PLANNING SOFTWARE
Learning and Growth Perspective
Cybersecurity Strategy Map

13. STRATEGY PLANNING SOFTWARE
Rationale: Analyze Cybersecurity Risks
Cybersecurity Strategy Map

14. STRATEGY PLANNING SOFTWARE
Learning and Growth Perspective
Cybersecurity Strategy Map

15. STRATEGY PLANNING SOFTWARE
Conclusions
There are known risk factors of data
breach
There are proven ways to minimize the
impact of security incidents
Focus cybersecurity strategy on
detecting problems early and
responding fast
●Have a risk mitigation plan and response team
●Reduce bad complexities of IT systems
●Update risk models regularly
●Test your security environment
●Educate your team, as the human factor is one of
the key risks
To decrease the impact of data breaches…
What’s next?