They may think that hackers may not have heard of their company or that they are so small that hackers would not bother with them. One of the biggest mistakes that small and medium business owners can make is assuming that they are not a target for hackers. Why Are Small and Medium Businesses Targets for Hackers? If you are setting your IT security budget for your business, here is some information that you need to know. While this is a decline, as last year 54 percent of small and medium business only had a budget of less than $5000, it is still concerning as SMBs remain a target for hackers. This is despite that fact that the threats of cyber attacks are increasing. Here are a few tips for setting an IT security budget to help with security needs.Īccording to Untangle‘s second-annual SMB IT Security Report, 48 percent of small and medium businesses, or SMBs, stated that they had less than a $5,000 budget set aside for IT security. Tips for Setting an IT Security Budget for Small and Medium-Sized BusinessesĪs a business owner, you need to do what you can to keep your business secure.
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