In today’s security landscape, the lines between cyber and physical security risks are increasingly blurred. While cybersecurity breaches tend to dominate the headlines—with average costs reaching £3.96 million ($4.88 million) per breach in 2024 SecurityWeek, Security Intelligence
Many of these vulnerabilities can be traced to physical security weaknesses. A recent Security Management article emphasised that many cyber events, from data breaches to ransomware attacks, are facilitated by physical security failures such as weak access control or poor monitoring. IBM Newsroom
HawkSight SRM provides a comprehensive solution by enabling businesses to jointly identify and mitigate both physical and cyber risks. This unified approach ensures that security professionals from both domains can collaborate to protect critical assets, both virtual and physical. Here’s a roadmap to help security leaders justify this investment to their CFOs.
It’s crucial to address the combined financial risks of physical and cyber security failures. While your organisation may not have experienced a significant breach, the rising threat of combined physical and cyber vulnerabilities should not be ignored. A data breach caused by poor physical security—such as unauthorised access to a server room—can be just as costly as a purely cyber incident.
Key Point to Make:
HawkSight SRM allows for a holistic risk management approach, ensuring that physical vulnerabilities, like weak perimeter security, are not exploited to initiate cyberattacks. The reality is that separating physical and cyber security is outdated. A unified approach reduces risk, improves resilience, and mitigates the growing financial impacts of breaches.
HawkSight SRM enables businesses to integrate AI and automation across both physical and cyber risk management. According to IBM’s 2024 report, AI in security operations can reduce breach costs by up to £1.8 million IBM Newsroom, Security Intelligence
By integrating both physical and cyber security risks into one platform, your business can act faster and prevent incidents before they escalate.
Key Point to Make:
Physical and cyber risks don’t exist in isolation. For example, social engineering or phishing attacks can be facilitated by weak physical access control policies. By investing in HawkSight SRM, your organisation gains the ability to jointly identify and mitigate both physical and cyber threats, reducing costs across the board.
Presenting a tailored financial analysis to your CFO will help clarify the ROI of HawkSight SRM. Whether you're a small, medium, or large enterprise, the combined impact of physical and cyber security failures can be financially devastating.
Below are examples of how this unified approach benefits businesses of all sizes.
When faced with this objection, remind your CFO that while the company may have avoided high-cost incidents so far, the growing convergence of physical and cyber risks means that the potential for costly breaches is only increasing.
Key Point to Make:
Risk is dynamic. Just because you haven't experienced a catastrophic breach yet doesn’t mean you’re immune. Many high-cost cyber incidents begin with physical security failures—whether it's a poorly secured data centre or inadequate visitor monitoring. A joint approach to managing these risks, facilitated by HawkSight SRM, ensures vulnerabilities in either domain don't go unnoticed or unaddressed.
HawkSight SRM simplifies the integration of security risk management across both physical and cyber domains. The platform’s ability to standardise reporting and automate compliance with ISO standards not only reduces breach risks but also minimises the administrative burden on your teams.
Key Point to Make:
Explain that the combined efficiency of managing both physical and cyber risks on a single platform results in fewer manual processes, less duplication, and a clearer understanding of the organisation’s overall risk profile. This not only saves time but also reduces operational costs, making the investment even more valuable.
The separation of physical and cyber security risk management is a thing of the past. For security leaders, making the case to a CFO for HawkSight SRM means demonstrating the necessity of a holistic approach that tackles all potential vulnerabilities. By integrating both physical and cyber risk assessments into one seamless platform, HawkSight reduces risk, improves efficiency, and delivers an impressive ROI.
With the rising costs of breaches—whether physical or cyber—it’s clear that investing in a holistic Digital SRM solution like HawkSight SRM is a smart move for protecting your business’s future.
For more information visit www.hawksightsrm.com or email us at info@hawksightsrm.com.