Business Proposal: Cyber Security Firm Expansion and Services

This business proposal focuses on the expansion of a cyber security firm, SecurityMatters, addressing the increasing threat of cyber attacks and the need for robust security monitoring. The proposal outlines the problem statement, the reasons for expanding cyber security monitoring, and an overview of the business, including services like cryptography, programming, and consultancy. It also covers current market trends, highlighting the impact of cyber breaches across various sectors and the competitive advantages of the firm. The proposal emphasizes the importance of protecting sensitive data and ensuring business continuity in the face of evolving cyber threats. References to relevant research and industry reports support the analysis and recommendations provided in the proposal. The document aims to demonstrate novelty, cost-effectiveness, and knowledge generation in the field of cyber security.

BUSINESS
PROPOSAL ON
CYBER
SECURITY

BUSINESS PROPOSAL ON CYBER SECURITY
Cyber attacks are common these days and
attacks on the infrastructures can be
devastating for the work environment in the
office premises.
These cyber attacks affect the lives of people
as well.
In the age of digitization everything around is
dependent on the internet and its uses may it
be any sphere therefore securing data
available online is important for organizations.

PROBLEM STATEMENT
SecurityMatters is a company based in Dutch
and the firm operates in developing protection
technology, network monitoring and intelligence
providing security to its customers and to keep
them in control.
SecurityMatters will be extending the expertise
it has on monitoring of cyber security in the
critical infrastructures.
This proposal will lay stress on the security
monitoring of the systems of the organization.

REASON FOR EXPANDING MONITORING
OF CYBER SECURITY
Increasing number of cyber crimes.
Cyber crimes disrupting the systems of
organizations.
With the technological advancements
the cyber attacks are taking new forms
thus restructuring and expanding of
the cyber security model is required.

OVERVIEW OF THE BUSINESS AND RELATED
PRODUCTS AND SERVICES TO BE OFFERED
As per the reports of the Ponemon Institute in 2015 the related costs with
the cyber crimes have been 19 percent higher when compared to that in the
year 2014.
Global reports show that in the year 2014 the companies had to bear an
average loss of $7.7 million for their data being hacked.
This situation has been the reason behind the companies adopting a cyber
crime budget of $1 million to $4.9 million based on the company’s scale
ensuring that these are implemented in a strict manner.
 Some of the services the firm intends to provide to its customers are:
1) Cryptography
2) Programming
3) Consultancy and Advisory Services
4) Networking
5) Technical Support
6) Training

MARKET TRENDS
The scenario is such that no sector has been
spared from the breaches over the internet.
2015 has been a year when many such breaches
have taken place and almost 80 million of the
records have been compromised.
Two types of threats have disrupted company
these being the internal and the external threats.
 Internal threats are from the company’s existing
and the former employees.


Competitive Advantage
The firm’s intention to expand monitoring in
the cyber security sphere is to provide their
clients with better services and protecting
their information from the cyber criminals.
There are numerous experienced people
having a better understanding of the cyber
security market and they are the ones giving
the right direction to the objective.

References
Bendovschi, A., "Cyber-attacks–trends, patterns and security
countermeasures." Procedia Economics and Finance28, 2015, pp.
24-31.
Buczak, A. L., and E. Guven. "A survey of data mining and
machine learning methods for cyber security intrusion
detection." IEEE Communications Surveys & Tutorials 18.2, 2015,
pp. 1153-1176.
Gupta, B., D. P. Agrawal, and S. Yamaguchi, eds. Handbook of
research on modern cryptographic solutions for computer and
cyber security. IGI global, 2016.
Onwubiko, C. "Cyber security operations centre: Security
monitoring for protecting business and supporting cyber defense
strategy." 2015 International Conference on Cyber Situational
Awareness, Data Analytics and Assessment (CyberSA). IEEE,
2015.