Many SMBs are still not equipped to deal with cyberattacks as they are still lacking qualified staff.
Many SMBs Are Still Not Equipped To Deal with Cyberattacks
Most small and medium-sized businesses are at the moment still ill-equipped to tackle the growing issue of cyberattacks, new research from DataSolutions Group has reported.
The recent “Cyber Concerns” report of the IT distributor found that 89% of leaders are increasingly worried about malware and ransomware. There are various factors that are contributing to these growing fears and this is including the lack of quality staff, tools, and services and also budget.
43% of SMBs Are Struggling With the Expertise Needed To Address Security Threats
43% of SMBs in fact have said that they were struggling with the expertise that is needed to address security threats, with a roughly 10% really struggling. And the same percentage (45%) showed struggles with having just enough quality staff and IT budgets in handling these types of problems and issues. And another 12% said that they were really struggling.
Cybercriminals at the same time are showing no sign of slowing down or mercy as over a third said that the attacks that they ha e suffered in the last six months grew more sophisticated and 45% also noticed very quickly an uptick in their frequency.
Technological Solutions That Are Capable Of Assisting SMBs on This Very Matter
However, when it comes to the technological solutions that are capable of assisting SMBs on this very matter, businesses are not clueless. Four in five (80%) reportedly would prefer having an all-in-one security solution in a bid to help manage everything and then offer a holistic, bird-eye approach to visibility. And at the same time, they are considering Zero Trust Network Access as a medium of network protection.
A recent Forrester report claims that two-thirds (68%) of companies are planning to invest more funds into Zero Trust initiatives.
Group Managing Director at DataSolutions Assessment of This Issue
“On average, the potential cost of a breach is estimated to be over £1,700,000, which is why getting the right cybersecurity solutions and strategy in place is so critical for SMBs,” Michael O’Hara, Group Managing Director at DataSolutions said. “It was interesting to note the overwhelming response to considering an all-in-one solution to manage everything, as this is a trend we are seeing more and more.”
“As 2023 nears, and economic uncertainty continues, there may be a conversation held amongst SMB leaders and decision-makers to cut costs overall, and with cyber security being part of that. However, what this data shows is that cyber investment is more important than ever.”