How Much Should Your SMB Budget for Cybersecurity? | business.com


Cybersecurity is important for businesses small and large. Here’s what you need to secure your network and devices, and how much to budget for it.

With national news and anecdotes regularly featuring stories of cyberattacks on businesses of all sizes, small businesses are planning their budgets with cybersecurity in mind. While implementing effective cybersecurity policies is more important than ever before, it’s important to understand the risks you face and whether you are doing enough to protect yourselves.

Like many core business functions, cybersecurity often requires a monetary investment and therefore needs space in your budget. The need for cybersecurity isn’t going away anytime soon. In fact, cybersecurity is actually becoming more and more relevant for small businesses. That’s why it’s important to consider cybersecurity as a financial priority in 2021 and beyond. This article will discuss what you need to know about budgeting for cybersecurity, including the following:

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