There are many benefits to developing cybersecurity programs in business, but there are also many costs. One important thing to note is that every company is going to get hacked at some point, regardless of how good its cybersecurity programs are, and the difference between a company with good programs and one with bad programs is whether or not they can recover from it. A company that has a strong understanding of cybersecurity will be more likely to catch a cyber-attack earlier than a company that is lacking in that department. Developing cybersecurity programs can be expensive, though, and many companies focus on having the newest most expensive technology rather than investing the energy in training their employees.

It can also be difficult to stay up to date with the newest cybersecurity trends, so even a company that had a good program in the beginning can quickly fall behind if they are not able to be dynamic enough. This means that costs can only keep growing as the years go on and staying up to date with your cybersecurity program can be very difficult both financially and mentally. The benefits are easy to see, however, since a company that has a good cybersecurity program will likely be trusted by its users since they ideally should have a better chance at their information being safe. This means that the more money you invest in cybersecurity the more money you could make in the long run, but that isn’t always the case.

If you’re the owner of a small business then spending that extra money, even if it could potentially help you make more in the long run, could be a daunting task, since there is no guarantee that your company will be able to make the money back quickly enough, and you could go bankrupt. This wouldn’t just harm the owners, but the employees and the community at large.