June 14, 2023
A study by BlackFog found that over 50% of small and medium-sized businesses (SMBs) in the United States and the United Kingdom suffered cyberattacks in 2023.
The study, which surveyed 400 IT decision-makers, found that the most common consequences of cyberattacks were business downtime (58%), data loss (39%), and customer loss (33%).
Dr. Darren Williams, the founder and CEO of BlackFog, said that cybercriminals are increasingly targeting SMBs because they often have less robust security measures than larger businesses. He urged SMBs to take steps to improve their security, such as implementing multi-factor authentication, using strong passwords, and keeping their software up to date.
The study also found that SMBs are often unaware of the latest cyber threats. Dr. Williams said that this is a major problem, as it makes it easier for cybercriminals to exploit vulnerabilities. He recommended that SMBs stay up-to-date on the latest threats by subscribing to security newsletters and attending industry events.
The study concluded by emphasizing the importance of SMBs taking steps to improve their cybersecurity. Dr. Williams said that by taking these steps, SMBs can protect themselves from cyberattacks and the negative consequences that they can cause.
The sources for this piece include an article in TechRepublic.
