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If your cybersecurity strategy and IT budget are keeping you awake at night, you’re not alone. The bad news is that cybersecurity threats are growing, and that your cybersecurity budget must grow as well to keep up. In fact, global spending on cybersecurity is expected to exceed $1 trillion by 2021 according to Cybersecurity Ventures.
According to Gartner, privacy regulations will play a part in this shift with an estimated 10% of companies expanding their cybersecurity budgets to meet these changing rules. Creating an effective, budget-friendly cybersecurity platform is more important than ever before.
If you’re reading this page, chances are you’ve spent a sleepless night or two worrying about increasing your cybersecurity protections with a limited budget. You already know that cybercrime is on the rise and that industry regulatory organizations are stepping up fines for violations of privacy, unsafe data sharing, and even questionable data storage solutions. You know that a single incident could cost millions of dollars in violations, lawsuits, and damaged reputation. For many small- to medium-sized business owners just like you, a single incident will spell the end of your hopes and dreams.
A study performed by Keeper Security found that most companies with 500 or less employees have no cybersecurity team and no incident response plan. In fact, only 7 percent of SMB CEOs feel they will be hit with a cyberattack, even though 67 percent of the businesses were targeted last year. Lack of financial resources and qualified IT personnel seem to play big roles in very risky decisions.
We understand that the cybersecurity challenges you face are huge:
- Increasing volume and evolving complexity of current cyber threats
- Budgetary limitations leading to a decrease in cybersecurity resources
- Lack of cybersecurity awareness amongst employees
How can I step up my cybersecurity game on a limited budget? Can I do it myself? What are the elements of a good cybersecurity plan? How can I use my current IT team to help strengthen my defenses? And, by the way, just how important is having a good cybersecurity plan if I’ve never been hacked?
The stakes have never been higher. You need an effective, affordable, reliable cybersecurity plan, and we’re here to help.
This post will answer some of your biggest questions about cybersecurity plans, along with providing you some tips, checklists and more to help you assess your current IT strategies.
If you have a clear understanding of what your organization’s cybersecurity plan looks like, download this checklist and get started with your self-evaluation right away. Go ahead, we’ll wait.