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A Practical Budgeting Approach to Cybersecurity

Small businesses should prioritize their cybersecurity budgets in areas like infrastructure investment, data protection measures, endpoint security, incident response planning, and security information and event management systems. Cybersecurity investments usually cater to updating outdated systems, improving antivirus programs, and managed security services. Factors influencing budget allocations include risk assessment, business category and size, compliance conditions, data sensitivity, technological complexity, and present cybersecurity condition. Regular evaluation and modification of the budget is crucial due to evolving threats, technological advancements, and business needs.

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