Companies having cybersecurity programs is important because it protects them from cyberattacks and from mistakes from employees. While having a cybersecurity program can be expensive there are multiple benefits of having one such as it protects personal data from cyber threats whether it was accidental or with malicious intent. Another benefit of having a cybersecurity program is that improves a business reputation because customers can trust them with their personal information having a strong cybersecurity program they don’t have to worry about potential data breaches that could negatively impact a business reputation. Making sure the workforce is educated is another benefit of having a cybersecurity program because the workforce being educated when it comes to cyberthreat means they can detect potential cyberattacks they happen and implement solutions to prevent them from occurring. On average, a cybersecurity program for a business cost around 10 percent of a company’s annual budget.

https://www.atlantic-it.net/cybersecurity-costs-for-small-businesses/#:~:text=On%20average%2C%20companies%20spend%20around,spend%20%24300%2C000%20on%20cybersecurity%20costs.