Security Return on Investment (SROI)
Good Information Security practices are one of the few improvements a company can make that will actually provide a positive Security Return on Investment (SROI). The costs that a business spends on preventative Information Security practices can dramatically reduce expenses throughout the company.
Cost Savings Benefits
The benefits of Information Security for Small and Medium Businesses (SMBs) are many:
- Decreased IT support costs;
- Less virus outbreaks
- Less wasted time from opening spam e-mail
- Reduced downtime from data lost
- You will be able to prove documented due care and due diligence
- Documentation can be the difference between being compliant or negligent
- Insurance will cover data breach costs if you are able to prove you were compliant at the time of the breach
- Insurance will not cover data breach costs if you were non-compliant at the time of the breach
- Improved productivity with decreased distractions
- Good Information Security policies reduces distractions from common issues:
- Block inappropriate web sites
- Reduce or limit personal use (wasted time)
- Operations are more efficient with better performing network & computers
- You can hold employees liable for what they do and fail to do on your network at with company assets
- Better accountability of assets & resources
- Better educated & trained employees