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According to Kaspersky Lab’s 2014 IT Security Risks summary report, conducted in collaboration with B2B International, 94% of companies have experienced some form of external security incidents within the past 12 months. But despite this nearly-universal rate of encounters with cybercrime, businesses tend to prioritize IT spending – which includes IT security – quite differently depending on their size.
The survey found that businesses with fewer than 100 employees are significantly less likely to prioritize their IT strategy than larger businesses, potentially leaving smaller businesses with security gaps that could cripple these growing companies. Only 19% of companies with fewer than 25 employees ranked IT Strategy as one of their top strategic concerns, and this response rate was almost the same – 21% – for businesses with 26-99 employees. But in businesses with 100 employees or more, the rate of IT Strategy prioritization rose sharply to 30% or higher, with 35% of enterprises ranking IT Strategy as one of their top two priorities.