{"id":333,"date":"2024-11-17T21:50:31","date_gmt":"2024-11-17T21:50:31","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/?p=333"},"modified":"2024-11-17T21:50:31","modified_gmt":"2024-11-17T21:50:31","slug":"cio-budget-allocation-example","status":"publish","type":"post","link":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/2024\/11\/17\/cio-budget-allocation-example\/","title":{"rendered":"CIO Budget Allocation Example"},"content":{"rendered":"\n<p>                                                          <\/p>\n\n\n\n<p><strong>Introduction to the CIO: <\/strong><br>     If I were the Chief Information Security Officer of a company, there would be several <br>things I would do to make sure the company has sufficient training as well as the latest <br>cybersecurity technology. I realize that companies have different budgets for security operations, <br>so it\u2019s important to spend it on the necessary things to make the most out of it. According to a <br>study conducted by Kuzior et al. (2023), the Covid-19 pandemic caused companies to spend <br>more on IT because of everything being online. That may have allowed CIOs to find more risks <br>within their company. The authors also suggest that cybersecurity spending is going to increase <br>in the future because of the numerous threats that companies face. That may be as helpful as <br>some think because attacks may become harder to stop, so it could cost more money. <br><strong>Budget Allocations for Security Department: <\/strong><br>     I would most likely allocate 85 percent of the budget to new cybersecurity technology. <br>That may help to buy software and hardware needed to defend against attacks. I would then <br>allocate 10 percent of the budget to training in the company. It\u2019s important for employees to be <br>aware of the attacks and how they happen. That may make someone think twice before clicking <br>on an advertisement on a website. With that said, it shouldn\u2019t take a lot of money to train <br>employees on cybersecurity, so that is why it is only 10 percent of the cybersecurity budget. I <br>would allocate 5 percent of the budget to savings. Things may change throughout the year, so it <br>would be helpful to have a little left over to spend on something that was left out of the budget. <br><strong>Conclusion:<\/strong> <br>     Cybersecurity is important to a company, so I hope that IT departments will ensure that <br>the security departments have enough money to defend against attacks. <br>References <br>Kuzior, A., Yarovenko, H., Bro\u017cek, P., Sidelnyk, N., Boyko, A., &amp; Vasilyeva, T. (2023). <br>Company Cybersecurity System: Assessment, Risks and Expectations. Production <br>Engineering Archives, 29(4), 379\u2013392. https:\/\/doi.org\/10.30657\/pea.2023.29.43<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to the CIO: If I were the Chief Information Security Officer of a company, there would be several things I would do to make sure the company has sufficient training as well as the latest cybersecurity technology. I realize that companies have different budgets for security operations, so it\u2019s important to spend it on&#8230; <\/p>\n<div class=\"link-more\"><a href=\"https:\/\/sites.wp.odu.edu\/ethansportfolio\/2024\/11\/17\/cio-budget-allocation-example\/\">Read More<\/a><\/div>\n","protected":false},"author":29491,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wds_primary_category":0},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/posts\/333"}],"collection":[{"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/users\/29491"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":2,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":358,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/posts\/333\/revisions\/358"}],"wp:attachment":[{"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/media?parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/categories?post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.wp.odu.edu\/ethansportfolio\/wp-json\/wp\/v2\/tags?post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}