How small business owners can reassess their cybersecurity strategies during economic downturns
The economic headwinds are blowing, and that has a lot of people nervous, not the least of whom are small business (SMB) owners across the country. With talk of recession in the air, SMB owners and their investors are paying extra attention to their bottom lines to maintain efficiency and innovation while managing costs. In many cases budgets are being squeezed, body counts are being leveled or reduced, and programs thought to be outside the core function of the enterprise are being slashed. It is unfortunate, however, that cybersecurity is often among the programs on the chopping block as it is perceived to be a less-than-essential expense.
As a former (and current) small business owner whose previous business was decimated by a malicious cyber-attack, I can attest to the short-sightedness of the belief that cybersecurity is an add-on, not a must-have.
Should you invest in the tech industry in a recession?
What makes a good investment during a recession? Is investing in the tech industry safe when the economy is low? Read on to learn how to use what previous recessions have taught us to choose your tech investments wisely.
If we want to know how the tech industry stands to weather the future, the first step is to look to the past. Let’s take a look at the last three U.S. recessions and their effects.