A survey of 1,150 SMEs across the US, the UK, Germany, and Singapore conducted by research and management consulting firm Analysys Mason has revealed that though SMEs acknowledge the need to invest in technology to boost growth, they are not prepared for increased cyber risks that come with it. The said cyber security market survey further stated that many SMEs have failed to prioritize security despite knowing that the hybrid work model will continue forever. Another impediment to ensuring cyber security has been that security solutions prices are much beyond most SMEs’ budgets.
