In this era of technology where business and commerce use technology aided platforms to buy and sell products and services, and as a result billions of dollars transaction is performed each day using tons of data and information, developing a well secured and safe business structure is without a doubt one of the primary things a business must do. Businesses as a profit aimed institutions have the right to weigh the costs and benefits of developing Cybersecurity programs for their organizations.

      The general understanding is businesses need to have some sort of Cybersecurity practices in ensuring the security and safety of data, information, systems and networks. Incurring costs going along ensuring the confidentiality, integrity and availability of their systems will benefit the business in achieving its annually planned business objectives. On the contrary compromising systems and networks because businesses don’t want to spent on their security programs may eventually create business a chaos, disruption, damages of equipment and loss of revenues.

      In a business model, trust induced to customers or clients through responsibilities and measures the business promised to practices in securing data and information must be consistent. Securing customers data and information is an ethical issue, which is’’ violation of trust equates ethical violation’’. Customers trust a business and provide their personal information, which can be credit card information, physical addresses, Social security numbers, legal and medical information. Information given by customers should be preserved from theft and hacking (internal and external) adversaries. The cost of poor ethical safety can be enormous. Failing to assemble secure systems and networks may hold a business legally liable for data breaches occurred within its security apparatus.  On the other hand, providing a secure and safe systems and networks to guarantee the privacy and security of customer information and data will benefits businesses to enjoy positive customer feedbacks and ratings which eventually help the business to expand its business avenues.

Birhane