"Only Half of Small Businesses Are Prepared for Cyberattacks"

According to a recent cybersecurity prevention survey conducted by Provident Bank, only half of small businesses are prepared to deal with a cyberattack, despite the fact that the threat of one is a top concern. Small businesses are urged to take proactive steps to reduce their risk and improve their preparedness to prevent and manage attacks. The report polled 600 businesses with revenues ranging from $1 million to $40 million. Respondents ranged in age from 18 to 55 and identified as either owners or C-level executives. Only 50.17 percent of businesses believed they were fully prepared for an attack. However, 50.64 percent said they think about cybersecurity every day. Of the companies, 69.5 percent include cyberattacks in their business continuity planning. According to the survey, 56.67 percent of respondents experienced at least one digital attack in the previous 12 months. Furthermore, 27 percent reported more than three incidents. As a result of those breaches, 41.67 percent reported increased IT costs, 34.8 percent reported decreased productivity, and 25.8 percent reported being fined. Small businesses reported a variety of methods for safeguarding their infrastructure and data. Securing Wi-Fi was the most popular strategy, with 61 percent of respondents using it. In the meantime, 54.8 percent used antivirus software, and 49.67 percent backed up all of their data. This article continues to discuss key findings from the survey of small businesses regarding cybersecurity preparedness and how they can reduce their risk of cyberattacks. 

Security Intelligence reports "Only Half of Small Businesses Are Prepared for Cyberattacks"