In today’s competitive global business environment, the FBI estimates that economic espionage costs American companies over 600 billion dollars in stolen intellectual property and business intelligence each year. Additionally, increasing threats from terrorists, cyber criminals, vandals, as well as natural disasters, have awakened organizations to the importance of comprehensive corporate security programs and detailed emergency response protocols.
The Chief Security Officer (CSO), Chief Information Security Officer (CISO), and Chief Technology Officer (CTO) are all relatively new titles that have been created in just the past few decades to thwart these evolving threats. However, as security departments are not seen as a revenue generating entities for most businesses, it is often difficult for senior leadership to justify a hefty security budget. Most small to mid-sized companies rely more on a strategy of hope, rather than engaging in a proactive security program. It is the equivalent of refusing to buy health insurance and risking not getting sick or injured. Although the business may recognize that security threats do exist, they roll the dice because of financial concerns.
With SMI’s Virtual CSO Program™ program organizations no longer need to worry about hefty security bu