Data breaches are at an all-time high, and the issue is only going to persist if the correct precautions are ignored. Security online has been caused constraints on companies for many reasons, including budgeting. Security spending is looking to hit 133.7 billion by 2022, leaving some companies worried about allocating their budgets. The companies that feel most targeted are smaller and startup companies, who have not built the proper funds to secure their data.
Varonis has put together a guide on the future of cybersecurity budgeting, including facts on how much spending various companies will put towards cybersecurity. The guide also includes recommendations on budgeting to make sure your company stays secure while also not spending your entire budget. One recommendation is to identify your strengths and weaknesses in your current cybersecurity strategy. Avoid the larger costs of having your data stolen by taking the precautions in security.