In today’s current age of technology, having an effective and efficient cybersecurity program is imperative to the protection of intellectual property, and data. As technology continues to advance, security threats become increasingly volatile and destructive. Businesses are becoming more aware of cybersecurity and the steps needed to ensure that their assets and data are safeguarded. Though the process of developing and implementing a cybersecurity program can be a bit costly, the benefits are worth the dent in finances. Some of the benefits of developing a cybersecurity program are that it protects against cyber-attacks, ensures that businesses are staying compliant with cybersecurity/data security regulations, allows both employees and customers the ability to trust the business, the early detection and rectification of threats, and increases productivity.

The costs of developing cybersecurity programs can be pricey, but the security it offers outweighs the negatives. Since creating a cybersecurity program requires financial resources, it is up to the business to employ IT/cybersecurity professionals to run and manage the program. Businesses must also pay for training it’s employees on how to operate their systems that way their employees are aware of what threats are a risk to the company, and give them the knowledge on whom to call, and what actions to implement when they are presented with an affront. In combination with the cost of training employees and investing in professionals to help maintain and manage the program, businesses also have costs that are directly related to maintaining the program and conducting risk assessments to consistently monitor the threats that surround the business and mitigate the damage from those attacks.

Though the costs to developing a cybersecurity program can be high, the benefits of the program can help to mitigate or even prevent future costs from possible attacks that could have occurred without the program. The benefits of a cybersecurity program will always outweigh the costs, as it ensures that all of the business’s information is safeguarded.