You may have fewer employees and lower revenues, but small and midsize organizations like yours are just as likely to be targets of cybersecurity threats as large enterprises. In fact, 43% of all data breaches involve small and midsize businesses, and 61% of all small and midsize businesses have reported at least one cyberattack during the previous year.1
A global increase in cybersecurity attacks is ratcheting up the need to dedicate more resources to the problem, and large enterprises are doing just that. According to PricewaterhouseCoopers, 55% of enterprise executives planned to increase their cybersecurity budgets in 2021, and 51% added full-time cyber staff.2 For small and midsize businesses, though, it’s a different story. A recent survey cited budget constraints as the top cybersecurity challenge.3
With limited cybersecurity resources, your organization needs to be judicious with spending. You need to balance tactical and strategic investments so you can see both immediate and long-term benefits. You need to prioritize investments based on the specific risks facing your organization. And you need to maximize efficiency while minimizing complexity. This eBook will help you make the most of your organization’s cybersecurity budget.
The next six chapters explore six cybersecurity investments that you should consider prioritizing in 2022 as you work to strengthen your security posture. To assist in planning purposes, this eBook provides ballpark pricing and implementation timelines.