BullGuard-commissioned research reveals small to medium businesses in the UK and US are at increased risk of data breach and cyber attack--and 43% of SMBs have no cybersecurity defense plan in place
New research commissioned by cybersecurity company, BullGuard, revealed an alarming number of small businesses in the UK and US are not prepared for a potential cyber attack or breach. One-third of companies with 50 or fewer employees report using free, consumer-grade cybersecurity, and one in five companies use no endpoint security whatsoever. Additionally, worrisome, the study found 43% of SMB owners have no cybersecurity defense plan in place at all--leaving their most sensitive financial, customer and business data, and ultimately their companies, at significant risk.
"Small businesses are not immune to cyber attacks and data breaches and are often targeted specifically because they often fail to prioritize security," said Paul Lipman, CEO of BullGuard. "Caught between inadequate consumer solutions and overly complex enterprise software, many small business owners may be inclined to skip cybersecurity. It only takes one attack, however, to bring a business to its knees."
The study also revealed some glaring discrepancies between what SMB owners believe versus what is actually occurring in the market. Nearly 60% of SMB owners believe their business is unlikely to be targeted by cyber criminals, however the...