How Much Does Security Awareness Training Cost?

Security awareness training is important since it prepares individuals of a company with the information they need to understand and follow practices to help ensure the security of an organization. Examples include phishing simulation and testing and educational employee materials.

When businesses start and maintain a security awareness training program, this can minimize the risk of a cybersecurity attack since employees are more educated on handling common threats.

What is the cost of a cybersecurity attack to a business?

According to a report from threat prevention provider Perception Point and research group Osterman Research, cybersecurity incidents cost organizations $1,197 per employee per year in response to email services, cloud collaboration apps or services, and web browsers. (Source 1)

Additional costs can be measured in:

• Loss of productivity and revenue
• Loss of reputation

What is the cost of a security awareness training program to a business?

The cost of a security awareness training program averages to less than $25 per employee per year. See the return of investment of a security awareness training program from our partner KnowBe4.

What are the risks of not having security awareness training?

Your organization may not be compliant with industry regulations or frameworks such as PCI DSS (Payment Card Industry Data Security Standard), HIPAA (Health Insurance Portability and Accountability Act), and others which require security awareness training to all employees.

What are the benefits of security awareness training?

• Save company resources and time performing security awareness training using a Managed Services Provider compared with using existing staff
• Reduce the risk of a breach (phishing is the most common cause of data breaches)
• Reduce ransomware attacks
• Educate your employees
• Identify areas of security improvement

LaScala can start a security awareness training program in your organization. Contact us today at sales@lascala.com to get started reducing your company risk of a cybersecurity attack.

Sources
1 – Venturebeat.com: https://venturebeat.com/security/cybersecurity-incidents-cost/