Turning cybersecurity from cost to profit center

The Entrepreneur MBA Podcast with Stephen Halasnik

In an era of constant cyber threats, organizations can no longer view cybersecurity solely as a cost center. Businesses can turn it into a profit center by adopting a proactive approach and leveraging cybersecurity as a strategic asset. Whether through customer trust, offering cybersecurity services, monetizing threat intelligence, engaging in cybersecurity insurance, capitalizing on compliance efforts, protecting intellectual property, or providing education and training, the opportunities to generate revenue from cybersecurity initiatives are abundant. Embracing these strategies enhances the bottom line and strengthens an organization's overall resilience in the face of evolving cyber threats. Today, cybersecurity is not just a cost to bear but a valuable asset to cultivate for long-term profitability and success. In today's podcast, Chris Moschovitis from Technology Management Group and Steven Halasnik from Financing Solutions (https://financingsolutionsnow.com/) discuss Turning cybersecurity from a cost to a profit center.