Monticello Consulting Group recently attended a Wall Street Journal Cybersecurity Training focused on identifying where companies should allocate their cybersecurity Technology budgets. A key takeaway was that the careful selection of vendors and partners is vital to successful investments in cybersecurity.
Firms need to make sure they take a holistic approach to vendor selection to ensure they can provide a solution that can meet the overarching complexities of the organization. Having a Steering Committee is a great way to collaborate internally and remain in sync with what the company is looking to achieve and identify the vendor that best fits this profile.
Furthermore, firms should view their vendor’s work as a partnership, rather than a one-off contract. The ideal vendor is one with longevity, that the company can continue to partner with over time. With so many vendors in this space, it is important to partner with one that maintains a long-term outlook.