BrandPost: Security Priorities for 2022: What Small and Midsize Businesses Need to Know
Despite daily headlines of cyberattacks, nine out of 10 IT and security leaders believe their organizations are still falling short in addressing cyber risks, according to Foundry’s 2021 Security Priorities Study.
But there is hopeful news. The study found that among the small and midsize businesses (SMBs) increasing their security budgets, they are aiming to double their spending on average, from approximately $5.5 million in 2020 to $11 million in 2022.
Furthermore, because many SMBs tend to have limited expertise in security, they are turning to outsourcers for help. This year, 21% plan to have fully outsourced their security functions.