Many organizations begin developing budgets now for the ensuing year. As a premier IT managed services provider (MSP), we encourage leaders of small to medium-sized businesses (SMBs) to adopt this early-bird approach. Why? Because preparation is the best way companies of all shapes and sizes can cope with today’s swiftly shifting technology landscape.
In this spirit, we cite two costly reasons that cybersecurity should be a 2025 budgeting priority for SMBs:- Average cost of data breaches keeps rising - For the fourth consecutive year, costs associated with data breaches rose according to IBM’s 19th annual study. Expenses related to recovering from breaches and remediating damages caused by these data losses increased by 10% on a global scale. And while the average cost of a breach in the U.S. actually fell by about a percentage point, our nation still had the highest average cost overall at more than $9 million per incident.
- Incidence of ransomware keeps rising - In a recent study, 95% of businesses polled reported experiencing at least one ransomware incident in the last 12 months. Security analysts expect this trend to escalate as cybercriminals continue to innovate, automate and refine the social engineering techniques used to dupe users into revealing credentials.
Of course, the best way to manage increasing cybersecurity costs is preventing as many incursions as possible. That’s why we provide three levels of IT services:- Proactive IT — Strategic evaluation and tactical planning provides flexibility and scalability for deflecting today’s swelling waves of cyber threats
- Preventative IT — Remote monitoring anticipates attacks, preventing operational disruptions
- Responsive IT — Technicians respond to cyber assaults at the moment of detection or discovery
Want to learn more? Download our cybersecurity “survival guide” here. |
