Which of the following best defines the term 'cost-benefit analysis' in cybersecurity?

Which of the following best defines the term 'cost-benefit analysis' in cybersecurity?

• A. An analysis of the risks of potential security breaches
• B. A comparison of the costs and benefits of cybersecurity investments
• C. A review of the organization’s compliance with regulations
• D. An examination of past security incidents

Answer: (B)

The term 'cost-benefit analysis' in cybersecurity primarily refers to a systematic evaluation that compares the costs associated with implementing various cybersecurity measures against the benefits they yield. This analysis helps organizations determine whether the financial investment in security controls is justified based on the potential risk reduction and overall improvement in security posture. In cybersecurity, this analysis typically involves evaluating different security solutions, their implementation costs, ongoing maintenance expenses, and comparing them with the potential losses that could result from security breaches. By quantifying both the costs and the benefits, organizations can make informed decisions about where to allocate resources to protect against threats effectively. Understanding this concept is crucial for cybersecurity professionals as it aids in prioritizing security initiatives, justifying budgets to stakeholders, and ensuring that the return on investment (ROI) for security measures aligns with the organization's risk management goals.

The term 'cost-benefit analysis' in cybersecurity primarily refers to a systematic evaluation that compares the costs associated with implementing various cybersecurity measures against the benefits they yield. This analysis helps organizations determine whether the financial investment in security controls is justified based on the potential risk reduction and overall improvement in security posture.

In cybersecurity, this analysis typically involves evaluating different security solutions, their implementation costs, ongoing maintenance expenses, and comparing them with the potential losses that could result from security breaches. By quantifying both the costs and the benefits, organizations can make informed decisions about where to allocate resources to protect against threats effectively.

Understanding this concept is crucial for cybersecurity professionals as it aids in prioritizing security initiatives, justifying budgets to stakeholders, and ensuring that the return on investment (ROI) for security measures aligns with the organization's risk management goals.