Security News > 2021 > November > How midsize companies are vulnerable to data breaches and other cyberattacks
Midsize companies often lack the staff, expertise and expensive tools needed to defend themselves against attack, says security provider Coro.
To generate its new report, named "The Great Cyber Security Market Failure and the Tragic Implications for Mid-Sized Companies," Coro analyzed information on more than 4,000 midsize companies across six industries: retail, manufacturing, professional services, healthcare, transportation and education.
Throughout 2020 and 2021, the number of cyberattacks against midsize businesses in every industry examined jumped by at least 50%. Attacks against companies in the healthcare and transportation sectors were the highest, rising by more than 125% between October 2020 and October 2021.
Incidents leveled against retail, manufacturing and professional services companies increased between 86% and 90%. Midsize companies are significantly more likely to be hit by a data breach or other incident now than in 2019.
Less than 1% of midsize companies have Wi-Fi phishing protection in place, while 90% of the ones that do have misconfigured them.
In this type of environment, midsize companies are vulnerable because many lack the required security teams, the in-house expertise or the advanced and expensive security tools needed to defend themselves.