The chief information security officer (CISO) of an alternative asset management firm is reconsidering the company’s state of security after a significant layoff. Feeling that the company was more vulnerable than ever to potential threats from disgruntled former employees with insider knowledge, the CISO officially requested a budget increase in order to develop and fund a security operations center (SOC). Not having any tangible proof of the company’s current vulnerabilities to use as the basis for his cost estimates, the CISO eventually submits a $50 million proposal that is rejected outright by the executive leadership…
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