Is Cyber Facing an Affordability Crisis?

The cybersecurity industry is facing an ‘affordability crisis’ driven by rapidly rising breach costs and defense spending, disproportionately impacting small and medium-sized businesses (SMBs) who often lack the resources to adequately protect themselves. While cybersecurity investments are increasing, the market isn't adequately addressing the needs of SMBs, leading to a situation where organizations are forced to either spend indiscriminately or automate security processes without proper risk assessment. The article emphasizes the need for a shift from simply tracking security findings to prioritizing risk reduction and implementing a ‘FinOps’ approach to security spending, similar to how cloud computing costs are managed.