Recent research shows SMEs in the UK and US are at increased risk of data breach and cyber attack – with 43% having no cybersecurity defence plan in place at all.
The report, commissioned by and published 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.
Those with no cybersecurity defence plan are leaving their most sensitive financial, customer and business data, and ultimately their companies, at significant risk.
The study also revealed some glaring discrepancies between what SME owners believe versus what is actually occurring in the market.
For example, nearly 60% think their business is unlikely to be targeted by cyber criminals, however the results revealed that 18.5% of SME owners have suffered from a cyber attack or data breach within the past year.
Paul Lipman, CEO of BullGuard, commented, “Small businesses are not immune to cyber attacks and data breaches and are often targeted specifically because they often fail to prioritise security.
“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.”
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