Security News > 2023 > October > SMBs seek help as cyber threats reach an all-time high

Globally, 48% of SMBs have experienced a cybersecurity incident in the past year, while 26% of US SMBs have experienced more than one type of cyber breach.

75% of US SMBs say cyber threats are a major concern and 59% expect to increase their investment in cybersecurity in the coming year.

With cyber threats reaching an all-time high since 2018, knowing what is important, where to start and overcoming cost barriers is critical for SMBs that want to bolster their cyber resilience.

"Small businesses are increasingly becoming prime targets for cyber-attacks; however, they are struggling to keep up with the new techniques employed by threat actors given their lack of resources and funding. These circumstances reinforce the paramount importance of partners and experts in educating and empowering individuals within organizations to recognize and mitigate threats to confidently defend themselves. Sage's research highlights this pressing need, and our approach at the Vaillance Group aligns with this imperative. With the right support, SMBs can navigate the complex cyber landscape with confidence and resilience," said Shawnee Delaney, CEO, Vaillance Group.

In the absence of dedicated IT or cyber security experts, there are valid concerns regarding SMBs' ability to tackle specific remote working cyber security risks.

"SMBs that shore up their cyber defences can demonstrate resilience, earn and retain customer trust, and set themselves apart as trustworthy partners in an increasingly competitive landscape. Their actions to protect themselves and their customers today will inspire a new culture of cyber defensiveness among SMBs for years to come," added Harris.

News URL

https://www.helpnetsecurity.com/2023/10/18/smbs-cybersecurity-concern/