A new report from cybersecurity firm Kaspersky has highlighted the importance of keeping your technology up to date. The company's study found that the financial damage from a data breach is typically much greater for organizations using outdated digital solutions. The report found that companies that fail to make timely updates lose 47% more money in a data breach compared to those that commit to regular updates. For small and medium-sized businesses, the financial damage can be up to 54% higher. "Any additional cost to the business is of course critical, especially now," commented Sergey Martsynkyan, Kaspersky's B2B Product Marketing Manager. “The global economic situation is unstable due to the pandemic and investments in IT and information security are expected to decline. So in this year's IT Security Economics report, we wanted to explore how businesses can reduce the burden in the event of a cybersecurity incident. Provides a strong rationale for the importance of the outdated software problem. Even if it is impossible to get rid of it overnight, there are still measures to mitigate the risk. Businesses can not only save money, but also avoid other potential consequences, which is crucial for any business. "