Cybersecurity Costs
Financial Dictionary — Risk Management & Compliance
Definition
Expenses related to protecting computer systems, networks, and data from digital attacks.
Detailed Explanation
Cybersecurity Costs are expenditures incurred to protect systems, networks, and data from cyber threats, including prevention, detection, response, recovery, training, and compliance—classified as operating costs or capitalized when meeting asset criteria.
Common Uses
- Used in planning, organizing, and controlling business operations.
- Used when setting KPIs, policies, procedures, and improving processes.
- Used when setting KPIs, policies, procedures, and improving processes.
Practical Example
- Example: Management applies **Cybersecurity Costs** when designing policies and monitoring performance against targets.
Why This Term Matters
- Why it matters: Improves execution, accountability, and decision speed while reducing operational waste.