Security News > 2021 > June > How SMBs are dealing with emerging threats

ECI Software Solutions released a report detailing the findings from a survey examining how SMBs are leveraging technology to respond to the various threats from the past year - including cybercrime - while laying the groundwork for not only a post-pandemic economy but a more secure, resilient future.

Cybercrime as one of the top five threats SMBs face.

According to the results, 80% of SMBs believe cybercrime is a greater threat than in the past and 74% have updated their security software to ensure their company doesn't fall victim to a cyberattack.

To protect themselves, 76% of SMBs believe the cloud is a safe alternative to storing data on premise.

Other key findings Technology adoption doubled in order to better manage business threats: Sixty-four percent of SMBs increased their technology investments in the nine months prior to and including Q1 2021, compared to only 32% in 2019, doubling the number of SMBs focused on growing their tech stacks.

Cloud-enabled ERP helps with post-pandemic recovery: Despite being a longtime cornerstone for SMBs, ERP is far from a legacy product.

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