Security News > 2020 > November > Ransomware still the most common cyber threat to SMBs

Ransomware still remains the most common cyber threat to SMBs, with 60% of MSPs reporting that their SMB clients have been hit as of Q3 2020, Datto reveals.

Likely due to increasing sophistication and complexity of ransomware attacks, almost half of MSPs now partner with specialized Managed Security Service Providers for IT security assistance - to protect both their clients and their own businesses.

SMBs spend more on security: 50% of MSPs said their clients had increased their budgets for IT security in 2020, perhaps indicating awareness of the ransomware threat is growing.

More than half of MSPs said remote work due to COVID-19 resulted in increased ransomware attacks, and 52% of MSPs reported that shifting client workloads to the cloud increased security vulnerabilities.

Nearly one in four MSPs reported ransomware attacks on clients' SaaS applications, with Microsoft being hit the hardest at 64%. These attacks mean that SMBs must consider the vulnerability of their cloud applications when planning their IT security measures and budgets.

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