In this podcast we talk about how cybersecurity executives can find the balance between improving security, resilience and trust, and being a good steward of the cybersecurity budget. Moderator Jane Allen, a Principal in PwC’s Cybersecurity, Privacy and Forensics practice is joined by Joe Nocera, PwC’s Cyber & Privacy Innovation Institute Leader, and Jim Fox, a Principal in the practice. We discuss the following questions: (01:14) - From your discussions with clients, what have they been most worried about? What’s keeping them up at night? (02:40) - What are the common pitfalls when addressing the mandate of reducing expenditures? (04:22) - What’s the best approach for companies to help prioritize spend, especially at a time when companies’ cybersecurity needs may be shifting as a result of the pandemic? (06:10) - How do you take this mandate and use this as an opportunity to transform your cybersecurity strategy? (07:24) - Any key takeaways with this environment and all the pressure that CISOs have on them that are quite unique right now? https://www.pwc.com/us/en/services/consulting/risk-regulatory/podcasts/secure-transformation-cost-optimization.html