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What are the pros and cons of implementing strong cybersecurity governance policies in a company?

Alejandra Tomaszkiewicz

Hey there!

Great question! The implementation of strong cybersecurity governance policies in a company can have both pros and cons. Let's start with the positives.

Pros:
1. Improved Protection of Sensitive Data: With strong cybersecurity governance policies in place, there is a better chance of protecting sensitive data from cyber-attacks. This is because these policies outline the procedures and protocols that need to be followed to ensure data security.

2. Increased Customer Confidence: By implementing strong cybersecurity governance policies, a company is sending a message that it takes data security seriously. This can increase customer confidence and trust in the company.

3. Reduced Risk of Legal Action: Companies that mishandle sensitive data are liable to face legal action. By implementing strong cybersecurity governance policies, a company can mitigate this risk and avoid financial loss that may result from legal action.

4. Improved Employee Awareness: Good cybersecurity governance policies often include training for employees. This awareness training ensures that all personnel are equipped with knowledge on how to handle cyber threats, and can actively participate in protecting the company.

Cons:
1. Cost: Implementing strong cybersecurity governance policies can be quite costly. The development of policies and protocols, employee training, and purchasing cybersecurity software all cost money.

2. Complexity: Cybersecurity is a complex field. Employees may have to learn new systems and procedures, which can be time-consuming. This complexity can also increase the risk of errors, which may be exploited by attackers.

3. Resistance to Change: Employees may resist changes that come with implementing new policies and procedures. This can result in decreased morale, disgruntled employees, and resistance to cybersecurity governance policies.

4. False Sense of Security: While cybersecurity governance policies can mitigate cyber risks, they do not provide a 100% guarantee of protection. A company may develop a false sense of security and become complacent, which can lead to an increased risk of cyber-attacks.

In conclusion, the implementation of strong cybersecurity governance policies in a company has both pros and cons. While these policies can provide improved data protection and increased customer confidence, they can also be costly and complex to implement. Companies must weigh these factors carefully before deciding to implement cybersecurity governance policies.