2021 Cybersecurity Budget Must Haves for Every SMB
Summary
This article discusses essential cybersecurity budget items for small and medium-sized businesses (SMBs) in 2021. It highlights the financial risks SMBs face from cyberattacks, with up to 60% going out of business within six months of a breach. The content promises guidance on determining the right spending amount, identifying necessary investments, and optimizing resource allocation, especially when working with limited budgets.
IFF Assessment
The article highlights the severe financial consequences for SMBs that fail to invest adequately in cybersecurity, emphasizing the high risk of business failure after a breach.
Defender Context
Defenders need to understand the critical importance of budget allocation for cybersecurity, especially for SMBs who are often targets and have limited resources. This highlights the need for cost-effective security solutions and demonstrating ROI to management to secure necessary funding.