Intelligent Tech Channels Issue 01 | Page 67

EXPERT SPEAK Jason Mical is Vice President End Point Products at Fidelis Cybersecurity Building a case for that security solution A ccording to a recent PwC report that surveyed 300 Middle Eastern organisations, the region has become a prime target for cyber-attacks. According to findings in the report, in 2015 56% of businesses in the region lost more than $500,000 as a result of cyber incidents compared to 33% globally. Faced with this reality, organisations across the region have upped their IT security spend. However, one of the biggest challenges when you go shopping for new security tools is answering the inevitable question from finance – what is the value? Determining the return on investment of a new security product is not an exact science. There are no hard and fast rules to