If I held the position as a Chief Information Security Officer with a limited budget, I would balance the tradeoff of training and additional cybersecurity knowledge by surveying the individuals I work with to understand what priorities they had for specific training opportunities and also try to provide updated software and hardware for cybersecurity systems.

A Chief Information Security Officer (CISO) is defined as an individual who is responsible for developing and maintaining an information security program (McLaughlin). As a CISO, I would balance the tradeoff of training by consulting with my employees on what they would like. Whether it be specific training on a certain system or focused on educational/certification. Having proper training allows the system user to maintain good cyber hygiene. Having the knowledge to do consistent software updates. I would also like to allocate funds for software and hardware upgrades. If systems are out of date, the potential for hacking is a lot higher. Having constant security patches, combats and potential vulnerabilities. I would also implement more penetration testing in our systems. Penetration testing allows us to see any possible weakness in our systems. Keeping up-to-date with software and hardware ensures that the company is staying proactive in cyber security updates, decreasing any risks. 

Being a CISO is a very important responsibility. If I had the control to manage and allocate a limited budget, encouraging training and upgrading system hardware and software would be a priority in my position. This encourages good cyber hygiene and minimizes any potential security risks.