Ahmed Kargbo<\/p>\n\n\n\n
CYSE 425W<\/p>\n\n\n\n
Prof. Aslan<\/p>\n\n\n\n
Effects of Financial Incentives on Security Improvement<\/p>\n\n\n\n
Politicians and policymakers have taken many steps to address the use of financial incentives when it comes to encouraging businesses to develop powerful cybersecurity strategies. The main approach is establishing grants and funding programs that are specifically designed to strengthen cybersecurity. These created programs are meant to provide financial support to businesses when it comes to the development and research of new cybersecurity technologies and practices. In 2024 the Department of Homeland Security provided about $280 million in grant funding for state and local cybersecurity programs. The State and Local Cybersecurity Grant Program (SLCGP) was first introduced in 2022 and it was meant to provide funding for all state, local, and territorial all across the country (and its territories). The purpose of the SLCGP is to help combat cybersecurity attacks such as malware attacks, malicious codes, and catch cyber criminals all while protecting trusted data and critical infrastructure. The State and Local Cybersecurity Grant Program (SLCGP) encourages businesses to address and mitigate cybersecurity risks so the government can reduce the workload of the Department of Homeland Security. Primarily, the Department of Homeland Security is meant to deal with tangible threats such as illegal drugs and substances, terrorism, unauthorized weapons and they cannot be efficient if they also have to deal with and respond to cyberthreats and cybercrimes. Due to this reason the U.S legislative body created the SLCGP to encourage businesses to further their involvement in fighting cybercrime. <\/p>\n\n\n\n
Other than the efficiency of the Department of Homeland Security, the State and Local Cybersecurity Grant Program has significant impact on state and local government while also directly contributing to communities. The funding sent to state and local government businesses allow for upgraded systems, businesses can work with highest grade cybersecurity tools and infrastructure while ensuring public safety. Better funding also allows state and local government businesses to develop and plan more effectively when it comes to cybersecurity. This means organizations can conduct better security tests, improve vulnerabilities and also develop better incident response teams in the case of an event. As noted prior, the government and private sector experience increased collaboration from this program which leads to more infrastructure being developed and critical ideas being shared. Lastly a standard is created, the State and Local Cybersecurity Grant Program is developed with specific requirements which organizations have to meet in order to be eligible for funding. It speaks for an organization to meet and adhere to these requirements and this program has been a way to keep organizations running at a consistent and high level and this means cybersecurity practices across the country are in good hands. <\/p>\n\n\n\n
References <\/p>\n\n\n\n
“5 Tensions Between Cybersecurity and Other Public Policy Concerns.” National Research Council. 2014. At the Nexus of Cybersecurity and Public Policy: Some Basic Concepts and Issues. Washington, DC: The National Academies Press. Doi: 10.17226\/18749. <\/p>\n\n\n\n
Fiscal Year 2023 State and local cybersecurity grant program fact sheet<\/em>. FEMA.gov. (2025, January 21). https:\/\/www.fema.gov\/fact-sheet\/fiscal-year-2023-state-and-local-cybersecurity-grant-program-fact-sheet<\/a> <\/p>\n\n\n\n Guha, O., Collins, J., & Tan, R. (2024). Right relationship between government and industry<\/em>. Purdue Policy Research Institute . https:\/\/events.research.purdue.edu\/ppri\/app\/uploads\/2024\/10\/Right-Relationship-Between-Government-and-Industry.pdf<\/a> <\/p>\n\n\n\n State and local cybersecurity grant program: CISA<\/em>. Cybersecurity and Infrastructure Security Agency CISA. (2024, September 23). https:\/\/www.cisa.gov\/cybergrants\/slcgp<\/a> <\/p>\n\n\n\n Wessels, M., Brink, P. V. D., Verburgh, T., Cadet, B., & Ruijven, T. V. (2021, August 19). Understanding incentives for Cybersecurity Investments: Development and application of a typology<\/em>. Digital Business. https:\/\/www.sciencedirect.com\/science\/article\/pii\/S2666954421000132#bb0105<\/a> <\/p>\n\n\n\n What does private sector involvement in government digitalisation mean for public values?<\/em>. CIVICA. (2023, January 8). https:\/\/www.civica.eu\/news-events\/news-blog\/detail\/what-does-private-sector-involvement-in-government-digitalisation-mean-for-public-values\/<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" Ahmed Kargbo CYSE 425W Prof. Aslan Effects of Financial Incentives on Security Improvement What Are The Political Implications of Using Financial Incentives to Influence Businesses to Develop Powerful Cybersecurity Strategies Beneficial to Society? The use of financial incentives to influence businesses to develop powerful cybersecurity measures has various strong political implications.The relationship between government agencies… <\/p>\n