What are the costs and benefits of developing cybersecurity programs in business?

It has been said that cybersecurity is one of the lead growing fields of the future, and its importance will grow at an all-time high with the way technology and the Internet is advancing. It is important that every business or company, whether big or small, should implement some form of cybersecurity to ensure the safety and protection of that data. Unfortunately, they vast majority of people believe that cybersecurity is too much of an investment and doesn’t really need to be prioritized as it may not really do any good work. It should be known that implementing even the smallest amount of cybersecurity can do a lot to protect a business, and if you plan to really protect your data, the benefits can become a lot more rewarding than if you did not include cybersecurity. Realistically speaking, cybersecurity is not that much of a financial cost for businesses, and it does not require any weird gimmicks or tools that are complicate to understand. Basic cybersecurity programs could include simple security like two-factor authentication or having firewalls and VPNs to help keep hardware and software protected. Most of these methods are automated and can be installed with a simple click to activate it. If a business decides to implement cybersecurity programs, the cost will cost to a minuscule amount of 10-15% of the business annual income. The benefits most certainly outweigh the potential danger and threats that if such data was not protected. Especially if your business is one that includes the data of loyal customers. You are legally held responsible for the damage of an individual’s data, which could seriously cost way more than just having to install cybersecurity. It would be good business practice to include cybersecurity as part of the business you work for. Not only is it going to protect your data and other potential customers, but it will certainly keep away any cyber-attacks or intrusions from happening and keep your money safe.