What are the costs and benefits of developing cybersecurity programs in business? Starting out on the cybersecurity side of a business has many up front costs. The first thing a company would do is get an evaluation of their systems and processes to get an idea of what will be needed. When a cyber security company comes in to check a system, they will end up giving a plan for what software will be installed and what measures will encompass the day to day workings within the security functions. All costs for software and on call actions will add up and the initial investment may be large. Once the systems are installed the cost will also be split into the amount of time that you spend training your employees. The cost of a trainer and also the cost of paying for the employees training hours will be a cost to add into the initial plan for your cyber security needs. Though the costs upfront can be high, once everything is installed and surveillance of the system is set into place (in regards to safeguarding from hacking) the benefits will outweigh the costs. Your company will be safer from cyber attacks and you will have more security built in for not only your company but your customers as well. If a customer can be assured there are measures in place to safeguard their personal information it is more likely that they will use your company. A cyber attack can effect your company in many ways but with an ideal setup you will be able to assure safety for your assets and others as well, due to the fact that if those measures weren’t in place attacks could have dire consequences and may end up putting you out of business. For the most part the initial investment and the costs for ongoing service may impact your yearly revenue but in the end can save you money that you may not be ready to part with or you may be ill prepared without the systems in place.