An alarming cybersecurity trend in 2021 is that organizations are slowing their spending on cybersecurity services. The problem with this is that the threat and innovation within the hacking community continue to grow and improve. When you have invested heavily in cybersecurity and you’ve had no issues, businesses can start to feel invincible. When the fact of the matter is, you had no breaches because you were properly investing in the right tools and precautions to keep your company secure.
“Gartner projections show the growth in cybersecurity spend is slowing. Cybersecurity grew at 12% (CAGR) in 2018, and it is projected to decline to only 7% (CAGR) by 2023.” – The Gartner Group
A lot of companies are investing in cyber services without doing their research first. As such, companies are spending thousands and thousands of dollars and not seeing the value it’s providing.
Now, at the top of the list for cybersecurity trends in 2021 is a firm understanding of what you’re investing in. You need to be asking the right questions to find the ideal solution for your business. Here are a few things to consider:
Stop asking what other people spend on security for their business. Rather, start asking questions like…
After you invest in the best security services for your business, the most important thing to do is train your employees on the risks of cyber-attacks.
Social engineering tricks like phishing use what your employees don’t know against them. Beat hackers to the punch by enrolling your team in security training today. Digital courses in security best practices offer a wealth of information on common scams to set your employees up with the knowledge they need to identify – and avoid – a phishing attack. Don’t know where to start? EMPIST’s free baseline phishing test is a great way to gauge the existing threat of a cyberattack against your business.
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