Guidebook highlights financial benefits of state cybersecurity programs

As reported by Statescoop, a new guidebook suggests that state officials seeking funding for cybersecurity initiatives should emphasize the financial returns on investment rather than solely focusing on the risks of cyberattacks. The publication, compiled by Grace Menna, a senior fellow at UC Berkeley’s Center for Long-Term Cybersecurity, analyzes various state-led and community-led cybersecurity efforts.

The guidebook reveals that cybersecurity programs can be sound financial investments. Regional security operations centers generate between $1.1 million and $2.6 million annually, cyber clinics up to $150,000 annually, and state cyber corps between $1.4 million and $7.5 million each year. Menna aims to provide legislators with concrete financial data to shift the conversation from risk to economic benefit. This approach is particularly relevant as state CIOs report declining confidence in protecting data against AI-enhanced attacks amid budget constraints. One state cyber corps reported a 747% return on investment, demonstrating significant value.

The report also examines various organizational models like the Texas Cyber Command and New Jersey's Cybersecurity and Communication Integration Cell, highlighting their unique contributions and the need for a coordinated approach. Menna emphasizes that these programs offer services at more affordable rates than managed security service providers and are crucial for diversifying state cybersecurity capabilities, comparing them to essential components of emergency response.

Source: Statescoop