Journal #7

When considering the costs and benefits of developing cybersecurity programs in business, it is easy to see how the benefits outweigh any negative outcome referencing cost. When companies are creating a budget, they must consider costs for implementing and up-keeping a cybersecurity framework. Many frameworks are required per the government in order to keep sensitive information private. Upon formation of a cyber environment within a company, there will be upfront cost associated with providing security to patrons. An example of this is regulations referencing HIPPA. A healthcare organization must have their systems evaluated by an individual who is knowledgeable in cybersecurity standards. Once evaluated, any necessary changes can be outlined and implemented within a company. The company must, then, educate its employees to abide by the guidelines necessary in order to keep information safe. The company should implement policy and procedure in order to maintain proper use and determine the consequence for improper usage of systems by employees. Companies must also consider the cost of maintaining up-to-date policies. There are many benefits to maintaining a safe environment through proper cybersecurity frameworks. The company will be able to avoid any repercussions associated with not upholding the standards required per governing bodies. The company will be able to maintain a positive reputation in the community, and the company will allow its customers to remain faithful in the business therefore cultivating more business in the future. Through maintaining a secure cyber environment for customers, companies are creating a relationship with their customers in which there is security for the customer. This positive outcome will often lead to referrals, and, therefore, more business and monetary reward for putting the work in to form and maintain said environment. Without putting in the costs, the benefits will cease to exist as cyber threats loom and potentially steal should-be secure information.

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