10 - 99 Employees
Budgets Are Booming
SMBs are setting aside the funds for cybersecurity investments, taking a risk-based method for their budgeting.
Budget and executive buy-in for SMBs is there. Make sure you’re providing the most comprehensive cybersecurity services for your customers and communicating what’s possible with those solutions to reduce their risk and help them make the most of their budgets.
62% of respondents
say their organization’s cybersecurity budget or spending will increase in the next 12 months.
46% of respondents
say at least 10% of IT budgets/spending in the next 12 months will be allocated for cybersecurity.
67% of Respondents
list “risk-based” as their primary method for cybersecurity budgeting.
51% of respondents
have no more than three people working in cybersecurity.
Resourcing Remains a Challenge
SMBs are struggling with internal issues as well as an onslaught of external threats.
SMBs lack the resources to address their IT and cybersecurity requirements. It’s up to MSPs to serve as their trusted provider. MSPs can seize this moment of struggle to become the guide on SMBs security journey.
As Risk Increases, Security Awareness Training Needs Attention
Cybercriminals are outsmarting undertrained employees
Malware and ransomware are a top concern for SMBs, and 6 out of 10 SMBs have moderate or low confidence levels in their current cybersecurity posture. To increase confidence while reducing risks, SMBs need to rethink their security training.
(According to SMB Leaders)
Business Email Compromise
Exploit of Known Vulnerability
Business Email Compromise
Only half of organizations conducted employee cybersecurity training in the last 12 months.
51% of respondents are NOT highly satisfied with their organization’s employee cybersecurity training program
MSPs need to provide a continuous cybersecurity awareness training program to their customers that allows SMB employees to build cybersecurity knowledge and culture from within. By providing this, MSPs will help these organizations reduce on-going risks from user-focused attacks.
SMBs are well positioned for external help from MSPs
Additional Resources For
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