Cybersecurity is essential to your business’s long-term success. Statistics show that over half of all small businesses are forced to close their doors after sustaining a cyber attack. You can protect your business from cyber attacks, however, by creating an iron-clad cybersecurity strategy. All cybersecurity strategies should incorporate the following elements.

#1) Change

Change refers to adaption. Malware and other cyber threats evolve on a daily basis. As a result, your business’s cybersecurity strategy must evolve with them. Change centers around the growth and expansion of your business’s cybersecurity strategy. Even after you create a cybersecurity strategy for your business, you’ll need to change it so that it offers maximum protection against new cyber threats.

#2) Compliance

When you create a cybersecurity strategy, you’ll probably have rules that workers must follow when using your business’s information technology (IT) infrastructure. Compliance refers to the auditing and enforcement of these rules. You’ll need to ensure that workers follow the rules set forth in your cybersecurity strategy. You can add a compliance section to your cybersecurity strategy that tackles this topic.

#3) Coverage

There’s also coverage, which represents the size of your business’s IT infrastructure. Larger IT infrastructures are typically more susceptible to cyber attacks than smaller IT infrastructures. The size of your business’s IT infrastructure is represented by coverage. Coverage, though, can change. As your business grows, its coverage may increase as well.

#4) Cost

Another important element of a cybersecurity strategy is cost. Cost, of course, refers to how much money your business currently spends — and how much it intends to spend in the future — on cybersecurity. Some businesses spend $10,000 per year on cybersecurity. Others spend over $100,000. When creating a cybersecurity strategy, you should analyze your business’s past expenses on cybersecurity while also calculating its future expenses.

#5) Continuity

Continuity is an essential part of all cybersecurity strategies. It’s the foundation of continuity planning. What is continuity exactly? It’s a separate strategy for planning the “continued” operations of your business in the event of a disaster. In regards to cybersecurity, continuity specifically deals with IT-related disasters like hacking, ransomware and other forms of malware. You’ll need to ensure that your business is able to perform its operations in the event of an IT-related disaster.

The five Cs of cybersecurity consist of change, compliance, coverage, cost and continuity. If you’re going to create a cybersecurity strategy, you should cover them in detail. Doing so will result in a stronger cybersecurity strategy that protects your business from cyber threats.

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