SMBs Fear Security Budget Cuts as Inflation Bites

Most (57%) small and medium-sized businesses (SMBs) are worried about their cybersecurity budgets being reduced amid a surge in ransomware, according to a new report from OpenText Security Solutions. The security vendor polled over 1330 security and IT professionals from SMBs of up to 1000 employees, in the US, UK and Australia, to compile its 2022 Global SMB Ransomware Survey.

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