<ul data-eligibleForWebStory="false"><li>Despite increasing cyber threats, a report by ESET reveals that 38% of businesses lack cybersecurity budgets or have no plans to increase them.</li><li>Small companies are less likely to have cybersecurity budgets compared to larger companies.</li><li>Reputational damages from cyberattacks can be as damaging as financial losses, as highlighted by recent attacks on M&S and Co-op.</li><li>ESET Global Cybersecurity Advisor emphasizes the importance of collaborative efforts among industries, cybersecurity providers, and governments to enhance digital defenses.</li></ul>

Many companies are still failing to budget for cybersecurity

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