The importance of cybersecurity is significant in the business world today. Unfortunately, the average business doesn’t invest nearly enough in preventing breaches and securing data, which can result in lost revenue, ruined reputations, and even the shuttering of your business. Now, with virtually the entire business world looking to cut costs, business owners should be reminded that cutting costs in your cybersecurity department could have dire effects on the longevity of your business. Increased threat perception is a bit of an understatement is regard to the current state of cybersecurity. Right out of the gate, a data breach can cost the average US business approximately $10 million, which alone should be enough of a reason to shore up your security. Even worse, 83% of businesses view cybersecurity as important, but only 43% consider it to be a “top three” budget priority. Remote work isn’t helping either. With employees working from home, cybersecurity is naturally a bit harder to nail down, creating security gaps that could cause serious problems. Fortunately, investing in cybersecurity doesn’t have to completely ruin you. While we highly recommend investing in a full-on IT department to handle security, there are some tools that can get you started on the right foot. Password managers and VPNs are a must for businesses with hybrid work models, allowing employees to access company systems without putting them at risk.
