Planning cybersecurity budgets is hard. Deciding exactly how much to spend against cybercriminals who are constantly evolving is like trying to shoot a moving target in the dark. But, if we take a cue from the average cybersecurity spend of US$2,700 per full-time employee, this will round out to $54,000 annually for an office of 20. Still, that leaves the conundrum of which solutions to spend that budget on.
Let’s consider three possible courses of action.
One, you seek guidance from cybersecurity consultants and internal specialists on the best combination of tools to meet your specific business needs. Most likely, you’ll be advised to make an inventory of all company data assets and subsequently calculate the fiscal worth of each inventory item. The next step would be to consider what security measures are necessary to comply with local data regulations, such as the
Personal Data Protection Regulations of Singapore, for example. This should shore up a figure that can be toggled with until a desirable balance between the amount of money spent and the potential amount of money lost to cyberattacks is achieved.
This can be extremely expensive and time-consuming, especially if you’re doing business in multiple territories with varying data privacy laws and regulations. Most companies, especially
SMEs, won’t have the resources for this.
Two, you purchase some basic cybersecurity tools such as a
cloud-based antivirus solution to shield you against malicious software. This accomplishes some fundamental goals and will probably cost you less than US$54,000 a year, but the protection you’re getting isn’t as comprehensive and future-proof as you’d like it to be. Even if you choose to splurge on the most sophisticated, AI-powered ‘enterprise grade’ antivirus software in the market, their maximum detection rates only go up to 99%, leaving you still at risk of exposure.
The third option? To get you started, use
CatchPulse Pro, an intuitive AI-driven intuitive application control that has always-on and real-time monitoring for enterprises who want 100% protection from known and unknown malware threats – while also costing you much less than US$54,000 annually. CatchPulse Pro operates on a zero-trust model, meaning that it applies a denied-by-default principle to protectively block unknown malware. This is in stark contrast to the blanket rules and known to allow lists that alternative anti-virus solutions offer. The best part is that CatchPulse Pro is highly intuitive, meaning you don’t need to be a cybersecurity expert to use it.
To take things up a notch and protect your Data, you can also deploy the
SecureAge Security Suite which encrypts every file, no matter where it is stored, with a unique asymmetric key. SecureData effectively makes any stolen data useless outside of your organisation as any unauthorised copying of data from a machine or file server will only expose the encrypted data files, thus mitigating the risk of any sensitive information being leaked.