{"id":6983,"date":"2022-05-17T17:13:17","date_gmt":"2022-05-17T17:13:17","guid":{"rendered":"https:\/\/www.dhondt-insurance.com\/?page_id=6983"},"modified":"2022-05-25T08:20:17","modified_gmt":"2022-05-25T08:20:17","slug":"tips-en-tricks-in-verband-met-uw-cybersecurity-budget","status":"publish","type":"page","link":"https:\/\/www.dhondt-insurance.com\/en\/tips-en-tricks-in-verband-met-uw-cybersecurity-budget\/","title":{"rendered":"Tips & tricks om uw cybersecurity budget te bepalen"},"content":{"rendered":"
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> TIPS & TRICKS TO SET YOUR CYBERSECURITY BUDGET<\/h3>
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> TIPS & TRICKS TO SET YOUR CYBERSECURITY BUDGET<\/h3>
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How do you actually determine how much budget to allocate to your company's cybersecurity? In this article, we provide tips & tricks related to your company's IT budget.<\/p> <\/div><\/div><\/div><\/div>

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The functioning of companies is becoming more and more dependent on technology, at the same time cybercriminals are becoming more and more advanced in their attacks. Therefore, it is also natural that companies will have to invest more and more in their cyber security.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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Cybersecurity prices have also been on the rise in recent years. Across all business sectors, we are more dependent on technology, which means more opportunities for cybercriminals to steal data, hold systems for ransom and generally leave a trail of destruction for the companies they attack.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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Is spending a lot of money on cybersecurity the solution? Investing money in the issue alone is not enough. It is especially important that the money will be invested in the most efficient way for your business. Thus, understanding your organization's cyber vulnerabilities is essential to keeping your business as protected as possible.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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IT budget as a percentage of revenue<\/p>

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Some companies calculate their IT budget as a percentage of the company's revenue. This budget is often influenced by a number of factors such as the industry the company is in, is it a large or small company? Large companies often have a larger IT budget.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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As a benchmark for your IT budget, a 4% rate is recommended regardless of your business. This is because no industry or company, no matter how large, is immune to a cyber attack or data breach, or to the financial impact a cyber incident can have.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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On which action points should you spend most of your budget?<\/p>

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This answer is not the same for every company. Before you spend money on your cyber security, it is crucial to do a thorough analysis of your cyber vulnerabilities. Only when you know what vulnerabilities exist can you strengthen your defenses. If you don't do a careful analysis you risk spending too much on the wrong 'solutions'.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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Training and awareness are just as important as the latest technical solutions. After all, most errors are caused by human and process errors. So your cyber security strategy must be reflected in your company's daily policies.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

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Questions you should ask yourself as a business regarding your cyber security<\/p>

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