As a small business owner, you know how difficult it can be to excel and grow when faced with the challenge of limited resources. Business leaders can labor over the tough decisions of which areas of your business to allot funds to. One area of business that should never be sacrificed is security. Managed IT Services are a reliable and affordable way to protect your business data.
Cybersecurity is a real concern for all businesses, but limited budgets and resources make it an even more significant concern for small or mid-sized entities. The reality is many companies cannot bounce back after a data breach. Don’t let lax security measures take you down. Investing in managed IT and cybersecurity protection is money well spent.
The Numbers Don’t Lie
Here are some stats to help illuminate the cybersecurity problem.
According to a 2017 Ponemon Institute study, 61 percent of small and mid-sized businesses experienced a cyberattack or data breach in the last year. That number is up from 55 percent reported the previous year.
Verizon reported in 2018 that almost 60 percent of cyberattacks were directed at small and mid-sized businesses.
UPS Capital states that the average cyber attack costs SMBs between $84,000 and $148,000. And, that 60 percent of all small business close within six months of a data breach or occurrence.
The Need for Security
Managed IT Services can help safeguard you before a break occurs and protect your data from getting out. Proactive monitoring and oversight, data backup and recovery, cloud-based storage, and more provide comprehensive cybersecurity protection for your company.
There is a smart fiscal case to be made for proactively dealing with security risks beforehand. This affordable solution is a better use of your budget than trying to scramble and rebuild after an attack takes you down.