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One of the most common excuses many small businesses have when asked why they do not invest in cybersecurity is that they have no budget to speak of. The same can be said for them using a Range Rover or Mercedes E Class as their main company cars, sure there is no budget for that. But is there a budget for something less costly?

The trick is to think of all cyber security solutions as a per person per month cost and use this figure when asking for budget approval. In a small business with 10 people, asking for £480 for a security product can be extremely difficult, while £4 per person per month, is often a lot easier. It’s the same amount either way, but the reactions are different because the first option causes a spike in cash flow, while the second doesn’t. It’s the same way that so many people are happy to pay £2.50 a day for a coffee on the way to work, but if you were to ask them for £575 in January to cover the coffee for the year, the answer would be no.

Let’s actually look at what paying for premium security for the areas you need to cover as part of a robust layered cybersecurity strategy would roughly cost per person per year:

  • Antivirus & Patch Management £30
  • Email Filtering + 10-year archive £33
  • Web Filtering £35
  • Admin Privilege £22
  • Access Control £30

Total: £150 per year per person, or £12.50 per month (or £2.90 a week, the same as a takeaway latte to protect each member of staff). That’s also before any 3 for 2 years subscriptions deal or offers, so remember to ask for a deal if you are signing up for more than a year.

A Practical Guide to Cyber Security for Small Businesses will be released in September/October 2018. Keep checking the ISO/IEC 27001 section on this website.

About the Author:

Nick Ioannou is an IT professional, blogger, author and public speaker on cloud and security issues, with over 20 years’ corporate experience, including 15 years using cloud/hosted software as a service (SaaS) systems.

He started blogging in 2012 on free IT resources (http://nick-ioannou.com) currently with over 400+ posts. Author of Internet Security Fundamentals, contributing author of two Managing Cybersecurity Risk and the recently published Conquer The Web.

More free security advice and resources and information on how to contact Nick can be found at www.booleanlogical.com