Given the growing number and complexities of today’s cyberattacks, it is no secret that implementing cybersecurity products and services comes with a substantial price tag. However, when considering what level of cybersecurity is needed, insufficient security measures can lead to disastrous consequences and significantly affect a business’ reputation and budget.
Deciding the level of cybersecurity an organization needs can be a challenge. On the one hand, companies likely want to find effective yet cost efficient solutions, while on the other, the cost of an error when introducing cheaper tools is far too high. One solution could be to automate incident prevention, as it can reduce costs and eliminate the human mistake factor. However, in practice, effective cyber protection is only possible with a combination of automated solutions and human effort.