Question

can you create your idea for financial budget for security information

Answer 1

Financial Budget security Information :

The budget is prepared from the present for the future operation of the business in order to realizes the goals of the management. normally, budget allocate for the security plan. Security means preventing and preventing requires a set of skill, expertise, knowledge and the extra thing which cannot be acquire from the common experience. Rather than preventive require professionalism and the important thing experience.

Security managers need some sort of efforts for their security program of the firm. These budget are prepared for the strength and the weaknesses of the security program .

On the many organization chief information security officer reported to the chief information officer on the ground that security operation and budget are the part of IT department  . There are lot of similarities between the securities and the IT world as both are inter-connected department due to the fact that there is massive change in the technology and services like cloud computing , mobility and on the same way security budgeting is analysis .

There is need for proper effective planning for the security budget :

-For the security budget assets and inventory current resources are properly handle .

-Get creative in procuring new technology which relates to the business and also helpful to applied according to business resources .

-Organization are always looking by the creative way of implementing new distributive technology .

-Manager should always be focused on the technology as it is good for the future but available technology must be utilize in the best way .

-Security manager always measures the effectiveness of the security program and analysis all the time how target of the organization are fulfill .

-As a rule of thumb an organization spend between 7% and 10% of its IT budget on the security matters .

-It is also observed that 3.28% of the total budget percentage for IT is an average based for the industry .

-Many of the companies mostly rely on the IT department as this department plays an important role for the business and for others firms IT department plays only supporting role .

-There are various expenses relate to building and maintaining offices are also included in the IT budget .

Now a days cyber security budget is prepared which budget cost 10% of the IT budget on cyber security due to the fact that maximum transaction are relates to upgrade  of the technology and also businesses need those system which provide security to there budget and also financial transactions which are backbone of the company is properly secured .