07 Jun Reducing the Pains of Your Cybersecurity Budget

Budgeting with Cybersecurity and its importance

What’s the worst part about malware? It’s getting better, sneakier, and more destructive. What’s another horrible fact involving malware? Throwing money at the problem doesn’t do much, and in fact, makes the situation worse. 

Impossible, you think, money fixes everything, especially when there’s a lot of it. Well, guess what? Dumping capital into expensive cybersecurity solutions with no thought other than “It costs a lot so it must work” will only lead you to digital ruin. It’s time to get serious, manage your plans, and reduce financial waste.

Some quick insights:

• Spending and investing more on cybersecurity assets gradually worsens the problem as it leads to various security assets to manage, maintain, and update
• Too much capital is invested in solutions, rising in cost, creating a cycle of financial waste without seeing the return on protection
• It’s more likely for breaches to occur by adding excessive personnel (as it creates more potential entry points)
• Cybersecurity costs rise every year, related to both breach and tools needed to protect an industry.

Companies and management are often confronted with a vicious cycle of self-perpetuating costs. Monitoring and governance of cybersecurity solutions require the most time to resolve and manage, but this time investment creates a higher capital cost. For small organizations, this evolves into a disastrous cycle and can threaten to upend budgets.

It’s not a comforting prospect. However, Bytagig has a few tips to help cut down on needless capital costs in hopes to preserve both your enterprise and cybersecurity budget.

Focus On a Single Platform

With all the buzz about dangerous malware and such, it’s tempting to grab every cybersecurity solution out there, or, invest in every product. Rather, it’s more efficient to select a single solution that serves your organization’s needs, creating a cohesive foundation for your defense strategy.

Automated Processes

It’s important to automate analyzation processes for your business. The less strain is placed on your IT team, the less chance they’ll suffer from burnout. Using software to flag certain threats and place them in threat tiers, for instance, is more cost-effective than having IT go through each report one by one.

Prevent, Not React

In cybersecurity, the best defense is one preventing issues before they occur, instead of reacting. Reactive solutions mean the cyberattack was successful and you’re struggling with the downtime period.

In the long run, this strategy is more cost-effective and keeps your data secure (as well as maintaining brand value).

Simple is Best

Cybersecurity and IT infrastructure are complex elements, yes, but this doesn’t mean your security solution should be. Options presented by vendors should be understandable by you and your staff. If you have a solid bearing of what a cybersecurity solution can do on a single page document, that’s only a good thing.

Maintain Usable Reports

Information is nothing if you can’t use it. Focus on solutions providing you digestible formats that give you useful metrics on your cybersecurity infrastructure, ranging from event flags, where you’re succeeding, and where things need work.

If it sounds confusing, Bytagig is here to help. Consider contacting us today for a breakdown of cost-cutting cybersecurity strategies.