In a tight budget, I know how important it is to strike a balance between more cybersecurity technology and training as a chief information security officer. I would distribute the funding in a way that maximizes the organization’s overall security posture while taking the long-term advantages into account in order to make the best use of the available monies. 

First and foremost, I would place a high priority on funding extensive staff training initiatives. Since ignorance and human mistake are frequently the weakest points in cybersecurity, it is essential to empower and educate staff members. We may improve their understanding of possible dangers, phishing attempts, social engineering, and best practices for upholding a safe digital environment by offering frequent and current training sessions. 

After that, I would set aside some cash for the adoption and upkeep of crucial cybersecurity solutions. Firewalls, intrusion detection systems, antivirus programs, and encryption tools are a few examples of this. These solutions offer a robust first line of defense against different types of cyberattacks.

I would also think about spending money on more economical options, such cloud-based security services or open-source software, to get the most out of the restricted funds. These solutions can offer strong security protections without requiring hefty initial outlays. 

Furthermore, I would set aside some cash for crisis response skills and ongoing monitoring. Purchasing threat intelligence tools, incident response plans, and Security Information and Event Management (SIEM) systems would be necessary for this. By taking these steps, we would be able to minimize the effects of any security events by quickly identifying and countering any possible cyber threats. 

Finally, I would allocate a certain amount of the money to ongoing security audits and evaluations. With the use of these precautions, we may proactively remedy any vulnerabilities or flaws in our systems and lower the possibility of further cyberattacks. 

In summary, I would balance the tradeoff between training and additional cybersecurity technology by prioritizing employee education, investing in essential security technologies, considering cost-effective solutions, allocating funds for monitoring and incident response capabilities, and conducting regular security assessments. This approach would help maximize the organization’s security posture within the given budget constraints.