When you are running a business, it is best if you implement different cybersecurity measures. There are a multitude of costs and benefits, but the benefits outweigh the costs. In reality, you end up saving more with these measures in place. Developing cybersecurity programs in businesses protects businesses from data breaches and loss, building trust and integrity, and becoming a competitive business. The costs are paying for the security software, employee training, and professional services.

Cybersecurity measures like firewalls, encryption, and multi-factor authentication prevent people from gaining unauthorized access to information that can lead to a data breach. The software can also detect suspicious activities that could lead to a breach. A business can gain the trust of others and maintain its integrity when cybersecurity measures are in place because others will know that their information is protected and is unlikely to get stolen. With this newfound trust, the business will now be a competitive one which will bring in more money and clients.

When it comes to the cons or costs of developing cybersecurity programs in businesses, the main two cons are the money and time spent. It is said that you should allocate 5-20% of your total technology budget to cybersecurity. This seems like a drastic jump and a large number, but you have to pay for the new security software, employee training, and professional services. Some examples of security software you might need to buy are network firewalls, endpoint detection and response software, anti-phishing tools, and penetration testing software. You also need to teach and train your employees on the security programs and common threats they need to be aware of. Lastly, you need to pay for the professional services used to implement these some being risk assessments and installation. You have to pay for the installation of this cybersecurity measure and any checkups or assessments after the fact.