CISOs must prioritize the intelligent selection of cybersecurity products by considering the total cost of ownership (TCO) and whether point products or platforms are best suited. This includes the costs of deployment and operations for people, processes, and technology, as well as the ongoing maintenance and support of a product. By considering the TCO of various products, CISOs can make more informed decisions and choose the products that will provide the best value for the organization. Choosing a more expensive product with a lower TCO can be a more cost-effective option overall, as these products often require less maintenance and provide better protection against cyber threats. In a market where capital efficiency is a key concern, this is an essential consideration for CISOs.
Patrick is the Global Chief Information Security Officer (CISO) for the Brinks Company. He was formerly the Global Head of Cyber Governance, Risk, and Compliance / Business Information Security Officer for CBRE and the Deputy CISO for Cheetah Digital. He has been an Executive Business Partner at Experian; a Customer Delivery Executive and Service Delivery Leader at Dell; and owned a technology consulting company. He is a highly effective Business Leader with a mastery of Technology and Security. He is also a Writer, Speaker, and a continuous Mentor/Advisor and Learner.
