Manage Your Cybersecurity Budget Without Compromising Safety

Cost-cutting measures have become the topmost priority for every business in today’s scenario. Companies are laying off employees and looking for every possible measure to reduce business costs. For many firms, the cybersecurity budget has been under critical vigilance and will be soon managed extensively. However, business leaders must be careful in reducing their cybersecurity budget. What you think is a reasonable action now can prove a fatal blow to the business operations in the future. In his article for the Information Age, Richard Nelson shares how you can balance cybersecurity costs and network safety efficiency.

Look for Value in Your Cybersecurity Budget

Generating value from your investments should be your first priority. Ensure you are getting something out of every dollar you spend on the cybersecurity budget. Furthermore, introduce additional elements such as cybersecurity training that will certainly deliver ROI. Cloud infrastructure is another cybersecurity component that you should optimize in every possible way. Nelson remarks, “When SMEs opt for a bundle package from a provider like Google or Microsoft, they typically include lots of security measures as standard – yet these are not always utilized.”

Do Not Overlook Human Error

When companies work on their cybersecurity budget, they often overlook human involvement. There is a good possibility of an employee deleting data from the cloud unintentionally. The consequence of such an act will affect your firm in the same manner as a cybersecurity attack. Therefore, to prevent such mishaps, it is vital to provide regular cybersecurity training to employees.

Tackle Malevolent Insiders

Some disgruntled ex-employees take advantage of their position and network access to hamper network safety. They might delete an essential database or lock the files crucial for business functioning. Companies should take preventive measures against such professionals, and follow an effective approach to mitigate such occurrences.

It is a challenging task to strike a balance between safety and budget. However, with the changing times, optimizing cybersecurity budget and network security together is more of a necessity than a luxury.

Click on the link to read the original article: https://www.information-age.com/balancing-cybersecurity-costs-business-protection-123500853/ 

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