Cost and Benefits of Developing Cyber Security Programs in Companies

Establishing cyber security is very important for companies. Having an established cyber security can protect corporate information from hackers and human error. However, setting up a cybersecurity program can be expensive. One cost will be the default. This involves hiring a cybersecurity company to install a system on your computer. The company should research what type of cybersecurity program it needs and what it believes are most at risk in order to best protect itself. A second cost factor is employee training on the new system. This can be a financial cost if you hire an outside teacher, but this mainly occupies class time. To ensure that your employees are familiar with the system and are not exposed to cyberattacks. , takes several weeks. The third cost is maintenance. Maintenance is very important as companies have to keep updating their software as new versions come out. This keeps your system up-to-date for optimal performance when trying to thwart cyber-attacks. The advantage of installing a cyber security system is that your business is protected from hackers. For example, if your company is Apple, a hacker might try to hack into your system, steal new iPhone designs, and sell them to your competitors. A cyber security program prevents this and keeps your personal information private. Another reason a cyber security program is important is to protect employees from personal attacks. If your system is hacked, you and your employees could reveal personal information such as your name, address, and phone number. Overall, a cybersecurity program can be expensive to install and maintain, but it’s definitely worth the investment in the long run. 

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