What are the costs and benefits of developing cybersecurity programs in business?

Depending on your business, cybersecurity programs can turn out to be extremely expensive and extensive endeavors. Firstly if your company stores massive amounts of banking information, medical records, and other personal information, investing in high security cyber protection programs would be recommended. The benefits of a good cybersecurity program would be, less risk of breach, trust from consumers, operational security, ability to charge more for services because of elite protection of assets that your company is offering. 

Cons of a cybersecurity program would be price. If your business is not making enough to support having a high level cybersecurity program, you could be loosing money trying to upkeep such a program. If your business doesn’t need the level of security you had initially went with, you may be wasting money for a level of security that is simply unnecessary.

 In this day and age, a cyber security program is something that all businesses should not forgo. It is too easy to become a victim of a cyber crime. Losing money and clients due to a breach or hack, will hurt your business more in the long run, then investing in a good cyber security program would. When it comes to a good Sarah security program, there are so many different options for a business to choose from. They could hire personnel to actually work for them, which would be the most expensive option or they can use a pre-designed program. It’s would be online software that is installable to run all of their online business services through. It would include firewalls, VPN, spam filters, software testing, endpoint detection and response, and other monitoring. Lastly, they could use a virtual consultant who is not a physical employee, but a company that focuses on cyber security for other businesses.