By Sarah Hospelhorn From Varonis

SOURCE: https://www.varonis.com/blog/cybersecurity-budget/

With online hackers becoming more intelligent to breaking through secure walls, the need for cybersecurity grows higher in demand each year. A company’s overall security posture can improve if everyone is on the same page about budget allocations and how they impact the business. Varonis has put together a guide on the future of cybersecurity budgeting and recommendations to make sure your company stays secure in years to come.

It’s no surprise that companies are increasing their cybersecurity budgets. Strategic efforts towards increasing efficiency and decreasing response timeswill pay off for companies in the long run. The key to successfully using a cybersecurity budget relies on the relationship between top leadership and cybersecurity professionals. A company’s overall security posture can improve if everyone is on the same page about budget allocations and how they impact the business.

A comprehensive cybersecurity solution is one investment that goes a long way. For example, automated security tasks free up time to allow IT and cybersecurity teams to take on higher-level tasks and quickly detect vulnerabilities. Robust data classification programs discover where sensitive data lives and lock down this data. See for yourself with this report on the total economic impact companies encounter after implementing the Varonis Data Security Platform. This ROI study found that a Varonis customer realized $5.9 million in total benefits and had a 346 percent ROI.

SOURCE: https://www.varonis.com/blog/cybersecurity-budget/