EPISODE 54: CFO Secrets: How to Secure Your Cybersecurity Budget
Welcome to Compromising Positions!
The award-winning tech podcast that asks non-cybersecurity professionals what we in the industry can do to make their lives easier and help make our organisations more prepared to face ever-changing human-centric cyber threats!
We all know running a cybersecurity function is expensive and many of us have a hard time successfully negotiating the budgets we need to keep our organisation safe.
But what if we let you in on the secrets of successfully securing your cybersecurity budget?
This week we are joined by Scott Robertson, CFO of CreateFuture and he gives us the insights on what you should ask for when it comes to your next yearly budget, how to ask for it and crucially (because timing is everything when it comes to money!) when to ask for it!
Links to everything we discussed in this episode can be found in the show notes and if you liked the show, please do leave us a review.
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We hope you enjoyed this episode - See you next time, keep secure, and don’t forget to ask yourself, ‘Am I the compromising position here?’
Cybersecurity, budget, risk management, financials, communication
Key Takeaways:
What Does a CFO do? A CFO is not just about managing financials but also safeguarding assets and ensuring future stability through effective risk management.
Time Your Requests Strategically: Discover the optimal timing to approach your CFO for budget increases and how to align your requests with the organisation's financial planning.
Quantify the Cost of Risk: Learn how to effectively communicate the potential financial impact of cyberattacks and the value of preventive measures.
Build Strong Relationships: Cultivate relationships with key stakeholders, including the CFO and other executives, to foster trust and support.
Prioritise and Justify: Identify critical security needs, prioritise investments, and present a compelling business case to secure the necessary budget.
Show Notes
About Scott Robertson
Ex PWC Chartered Accountant with 20+ years experience of holding CFO/COO positions in highly successful digital consultancies from the first internet café in Edinburgh, the early years of Kin and Carta and most recently helping xDesign/CreateFuture grow from 50 to 500 people in 3 years. Entrepreneurial in nature I have extensive corporate finance experience helping businesses I have been involved with raise funds, acquire, grow and successfully exit. I particularly enjoy fast paced, high growth, challenging environments and working with highly ambitious teams. I believe that this is when the CFO can add most value to both support and enable businesses to achieve their maximum potential.
LINKS FOR Scott Robertson
Scott’s LinkedIn
