Journal Entry 7

There are many costs and benefits to developing cybersecurity programs in a business. One of the benefits is that there will be an increase in customers when they know that a business is serious about protecting sensitive information. A secure business is a business that customers will most likely trust and wouldn’t mind spending a little extra for if it means their information is protected by strong security. Another benefit of cybersecurity programs is that there are policies created to ensure security. One of these policies could include planning ahead for certain types of incidents. Once those incidents occur, employees would know how to react and waste no time in resolving issues. Not only does it save a lot of time, but it would also save the business and its customers from damages. Even if there were damages, it would be a lot less than it would have been if the business was unprepared for the incident. One of the downsides to developing cybersecurity programs are the actual costs to implement better security. Of course, businesses have different purposes, this means that the programs and policies created will depend on what type of business it is. This means that the business will have to go through trial and error to figure out what works best. They need to test their policies multiple times to ensure they work as intended. There could also be a lot of research involved to find threats and plan against them. Even the equipment itself can be very expensive. Storage lockers, intrusion detection systems, and other types of software are some of the things that are usually spent on. Although it can be costly to implement a strong cybersecurity program, in the long run, it would be a good investment because attacks or breaches would be less devastating.