Small and medium-sized businesses (SMBs) are struggling to fend off cyberattacks in an era of constrained IT budgets, according to a survey of more than 500 SMBs by network security firm Untangle. Close to one-third of respondents said that budget constraints are the greatest challenge to effective cybersecurity, followed by employees not following proper security hygiene and limited time to research emerging threats.
More from the SMB survey:
- 39% allocated $1K or less to the IT security budget in 2020, while 26% allocated $1K to $5K, and 15% allocated more than $10K.
- 82% cited firewalls as the most important feature when considering IT security purchases, followed by antivirus protection at 57%, endpoint security at 48%, archiving management and backup and VPN technologies at 47%, and web filtering at 40%.
- 45% have adjusted or re-evaluated their IT security roadmap based on recent breaches and ransomware attacks.
- Only 15% were able to stop a cyberattack before sensitive data was stolen.