Despite obvious consequences, many mid-sized companies are cutting back on security in order to weather the economic downturn. How can you be sure you have adequate coverage for your company?
According to a McAfee survey, seven out of ten mid-sized business believe that a data breach could put them out of business. That is a startling 70%! Yet, we see more companies slimming down their IT and security budgets in light of monetary strains.
The truth is… while you may spend less in reoccurring monthly charges, your company may be crippled by the costs of emergency repairs in the instance of a security breach. Darrell Rodenbaugh from McAfee shared his insight explaining a terrible trend afoot;