Organizational goals are specific, measurable, and time-bound objectives that an organization aims to achieve in order to fulfill its mission and vision. These goals provide a sense of direction and purpose, guiding the actions and decisions of the organization.
Published in Chapter:
Cyber Leadership Excellence: Bridging Knowledge Gaps, Maximizing Returns
Sharon L. Burton (Capitol Technology University, USA),
Darrell Norman Burrell (Marymount University, USA), Calvin Nobles (Illinois Institute of Technology, USA),
Laura Ann Jones (Capitol Technology University, USA),
Yoshino W. White (Florida State University, USA),
Dustin I. Bessette (Mt. Hood Community College, USA), and Amalisha Aridi (Capitol Technology University, USA)
Copyright: © 2024
|Pages: 16
DOI: 10.4018/979-8-3693-1970-3.ch010
Abstract
It is necessary to reassess the allocation of resources, questioning traditional notions of return on investment (ROI) and focusing, in particular on the critical area of cybersecurity. Anticipated damages from cybercrime are increasing 15% per year globally, totaling an estimated $10.5 trillion by 2025. In addition to the financial benefits, the ROI for these cybersecurity efforts may be measured in terms of retaining user confidence and guaranteeing the seamless running of online learning platforms. In the age of remote learning, the goal is to enhance educational effectiveness while wisely controlling expenses, given the increasing importance of cybersecurity in online commerce. Although past data guides initiatives, it is crucial to continuously examine new data to improve strategy, particularly in the ever-changing field of cybersecurity. This understanding through qualitative inquiry gives practitioners the knowledge to understand the component parts required for the ROI calculation in the cybersecurity investment environment.