The cost and benefit of developing a cybersecurity program in a business is a balancing game between loss and prevention. It is financially less costly to prevent cyberattacks than it is to fix the damages after one occurs. The question is not whether it is beneficial to have a cybersecurity system set up but rather how much security does an organization need to have? You do not need to have retinal scanners for your house, but you can if you want to.

Some factors that will influence the choice of system or level of protection would be Industry, Number of personnel, equipment and software currently used. Some industries are facing increasing attacks such as Finance, Medical Providers, and IT corporations. The more personnel you have the sites of vulnerability an organization has.

These factors and more create the need for a robust and multi-layered system in place. Organizations will generally discover, in the course of their evaluation for needs, that costs will generally fall into two categories: goods and services. Cybersecurity goods refer to the actual software, systems, or hardware that is performing the data protection. These include firewalls, Antivirus software, and two-factor authentication to name a few. Cybersecurity services refer to services provided by the service provider in protecting an organization from risks. These services include assessments of an organization’s vulnerabilities, security reviews, and program development.

A cybersecurity program is a necessary investment for a company that uses any kind of technology that stores or uses information. Theses investments provide data protection, ensures productivity, prevents greater financial losses, and increases customer confidence with the organization. For an organization all these things are important in creating, maintaining, and progressing a growing and healthy organization. It is also important to remember that in addition to financial costs an organization’s dedication to provide security is important as well.