{"id":107,"date":"2022-03-04T15:14:12","date_gmt":"2022-03-04T15:14:12","guid":{"rendered":"https:\/\/student.wp.odu.edu\/zkoch001\/?p=107"},"modified":"2022-04-24T22:48:45","modified_gmt":"2022-04-24T22:48:45","slug":"entry-seven","status":"publish","type":"post","link":"https:\/\/student.wp.odu.edu\/zkoch001\/2022\/03\/04\/entry-seven\/","title":{"rendered":"Entry Seven"},"content":{"rendered":"\n<figure class=\"wp-block-pullquote\"><blockquote><p><strong><strong><strong><strong><strong>What are the costs and benefits of developing cybersecurity programs in business?<\/strong><\/strong><\/strong><\/strong><\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<!--more-->\n\n\n\n<p>There are multiple benefits to developing a cybersecurity program in a business, and I dare say that developing one is crucial to the success and safety of a business. The cost of developing a cybersecurity program can range depending on the level of intensity and detail the program has. But by building a cybersecurity program, businesses protect their integrity, confidentiality, and availability of their information.<\/p>\n\n\n\n<p>According to a report, a company can expend to spend 6% to 14% of their annual IT budget on cybersecurity alone. Depending on the size of the business, the cost is expected to rise. Additionally, business are expected to have a yearly budget of less than $500k to $5 million for cybersecurity.<\/p>\n\n\n\n<p>Despite the cost, however, having a cybersecurity program is will save a business form loosing millions of dollars worth of profits and assets. Globally, businesses experience an average of $7.7 million in loses. The initial investment not only saves a company, but also the employees and consumers involved. Overall though, costs of a cybersecurity program can be determined by:<\/p>\n\n\n\n<ul><li>Risk management process<\/li><li>Size of the company<\/li><li>Type of company<\/li><li>Employee access to data<\/li><li>Types of virus protection software<\/li><\/ul>\n\n\n\n<p>Cybersecurity programs are capable of protecting digital information that could potentially fall in the wrong hands. People with ill intent are capable of hacking into a company\u2019s database and compromising the information available. Overall however, cybersecurity programs can:<\/p>\n\n\n\n<ul><li><strong>Trust<\/strong>: Businesses are built by their consumers. A cybersecurity program gives consumers something to rely on, so that they know their information is going somewhere confidential.<\/li><li><strong>Security<\/strong>: Information is properly secured and protected.<\/li><li><strong>Cost<\/strong>: By protecting information, businesses protect their monetary assets. The cost of a cyberattack can result in millions of dollars being spent recovering from the damaged business and reputation.<\/li><li><strong>Plans<\/strong>: By having a program, businesses are planning for the worst. These plans can ensure that, in the instance the business is attacked, there are ways to easily countermeasure and recover from them.<\/li><li><strong>Less Likely to be Attacked<\/strong>: It\u2019s true, with a cybersecurity program, businesses are less likely to be targeted!<\/li><\/ul>\n\n\n\n<p>Overall, a business is expected to succeed more so by implementing and investing in a cybersecurity program rather than hoping for the best.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-pale-pink-background-color has-pale-pink-color\" \/>\n\n\n\n<p><a href=\"https:\/\/pchtechnologies.com\/cost-of-cyber-attacks-vs-cost-of-cyber-security-in-2021\/\">https:\/\/pchtechnologies.com\/cost-of-cyber-attacks-vs-cost-of-cyber-security-in-2021\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"excerpt\">What are the costs and benefits of developing cybersecurity programs in business? <a href=\"https:\/\/student.wp.odu.edu\/zkoch001\/2022\/03\/04\/entry-seven\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":23040,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wds_primary_category":0},"categories":[6,7],"tags":[],"_links":{"self":[{"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/posts\/107"}],"collection":[{"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/users\/23040"}],"replies":[{"embeddable":true,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/comments?post=107"}],"version-history":[{"count":4,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/posts\/107\/revisions"}],"predecessor-version":[{"id":112,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/posts\/107\/revisions\/112"}],"wp:attachment":[{"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/media?parent=107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/categories?post=107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/student.wp.odu.edu\/zkoch001\/wp-json\/wp\/v2\/tags?post=107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}