10 Steps in Creating a Cybersecurity Budget Plan

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Want to learn how Sectrio can help you create a cybersecurity budget plan? Swipe up and request a demo now!

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10 Steps in Creating a Cybersecurity Budget Plan

1

IoT devices connected to OT systems can create new vulnerabilities, making it harder to secure the overall system.

Understand the organization

2

Decide how much risk the organization is willing to accept

Determine risk tolerance

3

Develop a strategy that aligns with the organization's goals and objectives

Create a cybersecurity strategy

4

Determine what is needed to execute the cybersecurity strategy.

Identify budget needs

5

Prioritize investments based on risk, impact, and budget constraints

Prioritize investments

6

Don't forget to budget for training, personnel, and incident response planning

Consider all costs

7

Consider the costs and benefits of various cybersecurity technologies and solutions.

Evaluate technology solutions

8

Ensure the budget plan aligns with relevant regulations and standards.

Align with compliance requirements

9

Continually review and adjust the budget plan based on emerging threats and changing business needs

Review and adjust

10

Clearly communicate the budget plan and its importance to executive leadership and other stakeholders.

Communicate effectively

Want to learn how Sectrio can help you create a cybersecurity budget plan? Swipe up and request a demo now!