There has been a lot of talk about plans for developing cybersecurity programs in business. These plans would have both costs and benefits and this post will discuss them. Cyber attacks on businesses have regularly caused millions of dollars worth of damages so that is the reason for why these talks are happening. These attacks can affect businesses by stealing their records, which would cause them to lose money, as well as attacking the business’s consumer base which would affect their chances of recovering from the attack and staying afloat after the attack. So let us start by talking about the benefits of developing a cybersecurity program for business. The main benefit of investing in a program is the fact that businesses will be much safer from cyber attacks. The program would create a strategy plan for when an attack happens so businesses will know how to respond as quickly and efficiently as possible. This will help mitigate any damages that the business might have sustained during the attack. This also helps protect the consumer base of the business from cyber attacks which in turn helps build trust between the consumers and the business. The more a consumer trusts a business the more loyal they will be to that business which will help them make money. A program would also help educate the employees about cybersecurity which not only makes them more efficient at dealing with attacks at the workplace but also with dealing with attacks anywhere else. This shows that businesses willing to commit to a cybersecurity plan will benefit greatly from it. On the other side of this coin is the costs of a program. While a large corporation could easily afford a cybersecurity program, a much smaller business would struggle to pay for the program and continue doing business. My solution is that small businesses will receive a grant for a cybersecurity program.
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