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AST YEAR , TWO-THIRDS
L of organisations were hit by ransomware alone and , with the average cost of remediation sitting at an eyewatering US $ 1.4 million , the potential damage is too large for organisations to ignore . However , it looks like this alarming reality is beginning to sink in . To counteract these dark forces , there has been a notable shift in attitudes and actions within the business world . Small- to medium-sized businesses ( SMBs ), which are often viewed as vulnerable targets , are beginning to take arms and bolster their cybersecurity defences . Some analysts are even indicating an increase in investment in cybersecurity , with SMBs expecting to increase their spending on security from US $ 3.2 billion in 2022 to US $ 4.3 billion in 2026 .
While increasing investment in cybersecurity is a step in the right direction , knowing where and
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how to spend it is a different story and for many small businesses , making informed decisions about where and how to invest resources into cybersecurity remains challenging .
The debate for SMBs is centred around a crucial decision : whether to enlist the expertise of a managed detection and response ( MDR ) provider or establish and implement an in-house security operations team . Embracing the reality that there is no one-size-fits-all approach , businesses need to be well-equipped to make informed decisions to navigate the ever-changing threat landscape effectively .
Cybersecurity costs and considerations
When trying to decide between an in-house or a managed service provider , organisations must consider the costs associated and tailor a solution that aligns with the needs of the
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“ WHEN CONSIDERING THE TIME TO RETURN ON INVESTMENT ( ROI ), SECURITY- AS-A-SERVICE ( SECAAS ) OFFERS A MUCH MORE EFFICIENT ROUTE TO KEEPING AN ORGANISATION ’ S NETWORKS AND ASSETS SECURE .
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Intelligent SME . tech |
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