Cybersecurity budget planning and how Bank of America accomplishes this goa

I need full complete answers . at least a page and a half

Please click on the below article from Forbes and read the very interesting article on Cybersecurity budget planning and how Bank of America accomplishes this goal! Complete your case study with a summary, analysis, opinion, conclusion and references.

https://www.forbes.com/sites/stevemorgan/2016/01/27/bank-of-americas-unlimited-cybersecurity-budget-sums-up-spending-plans-in-a-war-against-hackers/#256efbd0264c(Links to an external site.)Links to an external site.

Answer the following questions:

1. Why is Bank of America’s Cybersecurity budget so high?

2. What prompts the new budgetary planning?

3. What does the cybersecurity budget cover at Bank of America?

4. Does the budget cover any losts?

Answer Preview

The United States federal government businesses and banks including the bank of America are spending a lot of money and resources in fighting cybercrime which has increased with the increase in technology and cybercrime activities. The importance of the issue is evidenced by the lack of budgeting where there is no limit to spending on battling cybercrime (Curvey and Secka, 2016). The financial institutions lose a lot…

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