It’s less expensive to prevent cyber attacks than it is to repair the damage when they happen. Companies and institutions across industries lose money from cyber attacks all the time. There are the more obvious ways like piracy, data breaches, and litigation. There are also ways that accountants can’t quite put a dollar figure on, such as reputational damage that makes customers and clientele less likely to want to buy a company’s products and services in the future.
Everything is digital these days, both on premises and in the cloud. So cybersecurity staff and security measures are things you have to spend money on. But how should your company determine how much money to budget for security? And how should your company determine how to spend it?
Photo by Fabian Blank on Unsplash
What is a typical cybersecurity budget?
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Posted by: Kim Crawley |
The post How to justify your cybersecurity budget in 2019 appeared first on Cybersecurity Insiders.
October 16, 2019 at 09:11PM
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