Many companies are still failing to budget for cybersecurity

Cybersecurity ensures data protection on internet. Data encryption, firewall, encrypted network, VPN, secure access and authentication defend against malware, hacking, cyber crime and digital threat.

• Report finds nearly two in five (38%) businesses have no cybersecurity budgets, or no plans to increase
• Small companies are less likely to have cybersecurity budgets
• Reputational damages can be as bad as financial losses

Despite the fact cyberattacks are coming closer to home, new research has claimed many companies are still failing to allocate enough time, money and resources to protection.