Balancing the tradeoff between training and additional cybersecurity
technology requires a strategic approach. Here is how I would allocate the limited
funds:
1. Prioritize Training: Human error is a major factor in cybersecurity breaches.
According to a report by IBM, human error is responsible for 95% of cybersecurity
breaches (IBM, 2020). Therefore, investing in comprehensive training programs
for employees is crucial. This includes regular updates on the latest threats and best
practices.
2. Essential Technology Upgrades: While training is important, having robust
cybersecurity technology is essential. Technologies such as firewalls, intrusion
detection systems, and endpoint protection are fundamental. As noted by
Symantec, endpoint protection can block up to 99% of threats (Symantec, 2019).
3. Monitoring and Incident Response: Allocate funds for advanced monitoring
tools and incident response capabilities. Real-time network traffic analysis and log
file monitoring are crucial for detecting and responding to threats quickly.
According to a study by SANS Institute, continuous monitoring significantly
reduces the time to detect and respond to incidents (SANS Institute, 2021).

4. Regular Audits and Assessments: Periodic security audits and vulnerability
assessments help identify potential weaknesses. A study by PwC highlights that
regular audits can improve an organization’s security posture by up to 30% (PwC,
2020).
5. Balance and Flexibility: Maintain flexibility in the budget to adapt to emerging
threats and technologies. This might involve reallocating funds as needed based on
the evolving cybersecurity landscape. By focusing on both training and essential
technological defenses, while also ensuring continuous monitoring and
assessments, a balanced and effective cybersecurity strategy can be created within
a limited budget.
References:
– IBM. (2020). Cyber Security Intelligence Index Report.
– Symantec. (2019). Internet Security Threat Report.
– SANS Institute. (2021). Continuous Monitoring: The Key to Improved Security.
– PwC. (2020). Global State of Information Security Survey.