Study: SMBs At Risk For Cyberattacks
Half Of SMBs Aren’t Protected Against Attacks
Half of small businesses in the US aren’t ready for a cyber attack. That is a key takeaway from new Digital.com data which shows that while 21% of SMBs say they are “in the process” of developing cybersecurity strategies 51% are not protected at all. In fact, one third of those say they have no measures against cybernasties at all, and nearly 10% say they “aren’t sure” what security measures – if any – they have in place.
It doesn’t matter if the business has office space or has employees working remore. Digital’s researchers found that about 45% of SMBs with an office space weren’t practicing cybersecurity measures while nearly one-third (27%) of businesses with fully-remote workers were not practices. About 21% of hybrid workplaces had security measures in place.
Learn How To Protect Data Privacy
SMB Owners Say They’re Too Small For Cybercriminals
Why aren’t SMBs doing more to protect their businesses? Fully half (51%) believe they are “too small” for cybercriminals to mess with, while others said they didn’t do enough online business for security measures to make a difference. The high cost of security infrastructure was another factor for many SMB owners who said their business wasn’t protected.
“Companies of all sizes should take cybersecurity seriously,” said Dennis Consorte, a small business consultant. “Customer data is valuable, and bad actors will stop at nothing to get it. In fact, they may target SMBs because they have less budget for protecting their customers’ information and are therefore softer targets.”
90% Of SMBs Victimized By Criminals Lost Money
About 12% of SMB owners polled by Digital admitted their business was a victim of a cyber attack; 90% of these lose money because of the attack.
