As you do, though, also factor in the risk of not investing. It’s good business sense to perform a careful cost-benefit analysis before approving any new investments, including cybersecurity improvements. If you’re concerned about the global economic forecast, you’re probably looking for ways to trim your budget instead of adding new line items to it. Overlooking cybersecurity isn’t just risky, it’s expensive Here’s why it’s time to ramp up yours and how you can do it on a modest budget. Today, particularly as more employees are working from home than ever, nothing is more critical than a strong cybersecurity strategy and its complementary tools.

In fact, seventy percent of ransomware attacks in 2021 targeted businesses with fewer than 500 employees. Often, malicious actors go after organizations they see as easier targets – that is, businesses that don’t have the resources to mount a robust cybersecurity defense. Small and medium-sized businesses may assume cyber attackers spend most of their time going after much bigger fish, but that’s not true.

Lastpasscom