Lack Of IT Budget Limits Cyber Security Protection
“You get what you pay for.”
It’s a quote you’ve probably heard dozens of times and you know it’s true. Would you set a low budget for your personal healthcare when facing medical concerns? Have you ever tried to purchase the cheapest car on the lot? You know that planning to adequately cover costs is an important part of getting what you need. If you go low-budget on a car, you are likely to get a beater or a lemon. If you think you are going to cap healthcare before you know what the diagnosis is, you risk stopping short of vital solutions.
It is much the same with computer security and IT support.
If you underestimate the budget needed to support your company, you risk falling short of complete security. If you try to purchase the quickest and cheapest IT solutions, you may find yourself with inexperienced or under-prepared techs who are unable to keep up with your demand. You need an IT team dedicated to your company and staying ahead of the curve at all times. You need a strategy that prepares your business for serious cyber threats–preventing attacks and preparing for emergencies that could occur.
58% of small businesses are concerned about cyber security attacks but more than half (51%) are not budgeting for risk mitigation.
Lower IT Budgets Leading to Security Gaps
A recent announcement from BAE Systems Applied Intelligence examined survey results from Spiceworks that revealed low budgets were commonly causing struggles with IT solutions. The IT professionals reported more than half faced bottlenecks due to budget restraints with small businesses in particular. The smaller amount free to spend on tech support leads to larger gaps in IT security that leave small businesses more vulnerable.
Lower budgets mean systems can’t be updated as frequently with the right software and protections. With technology a major part of payment processing, data collection, marketing and more, companies need to take their tech security seriously. Inadequate budgets may lead to cutting important factors that could prevent data loss, system interference and theft.
- Malware, viruses, hacking, ransomware and other security breaches are serious threats to companies across all industries.
- Old hardware, devices, systems and equipment may make your system sluggish and hard to update.
- Untrained or careless employees can be the biggest threat to your IT security as the leading cause for data breaches.
When you trust your IT team to treat your company as their own, you know their recommendations aren’t made to nickel and dime you. A good budget is one that gives the professionals space to update your equipment, software, hardware and trainings as needed.
Not All IT Management Teams are Created Equal
The survey not only found struggles faced with low budgets—it also uncovered the skills gap that many teams experience. More than one third (35%) of IT decision makers surveyed reported the lacked employees with adequate skills to complete required jobs. And more than half (51%) reported facing struggles because they didn’t have the tools or staff needed to reach objectives.
So, what are you really getting when you hire the lower-budget IT management firm? You might be getting a new kid on the block, talented and eager to please. But, more than likely, you are hiring small teams that are inexperienced and understaffed. Make sure you choose an IT firm that has worked with clients similar to you and can provide you with solid references. You want to find cyber security in Atlanta with a team you can trust, and then budget accordingly.
Small businesses have always faced the challenges of spreading limited funds across a number of important categories. Now, more than ever, budgets must reflect the security strategies and implementation needed to protect the business operations.