In an era where digital threats loom larger with each passing day, small and medium-sized businesses (SMBs) and managed service providers (MSPs) find themselves grappling with the increasingly complex requirements of cyberliability insurance. As these businesses strive to fortify their defenses against sophisticated cyber threats, the challenge of aligning security practices with insurance demands has never been more critical.

Introduction

Companies often overlook the silent killer of their IT budgets—licensing bloat. I'm referring to the unnecessary costs while your software and SaaS purchases go unchecked, which drain financial resources and create significant security risks. As your trusted IT partner, the Facet team and I are here to shed light on this persistent issue and guide you through effective strategies to manage and mitigate licensing bloat.