SMBs in the USA have started respecting Cyber Security Threats!

SMBs operating in an around the USA have started to respect cyber security threats. And this was discovered in a global study made by cyber security firm Webroot in association with Wakefield research.

Webroot study revealed that 96% of SMBs believe that their organizations will be susceptible to external cyber security threats this year. This includes new forms of malware infections, mobile attacks, phishing attacks, DDoS attacks and ransomware attacks.  So, they are preparing themselves to address these issues to the full score.

However, only 21% of IT decision makers who participated in the survey said that they are completely ready to manage IT security and protect against threats. While 47% said that they are almost ready to thwart cyber threats targeting their organizations.

The Webroot survey involved more than 600 IT decision makers of SMBs having more than 100 to 499 employees in three countries: The UK, US, and Australia. The survey figured out that cyber attacks on companies can leak critical business data which can result in loss of $579,099 on an average to companies in the US.

For this reason, 90% of SMBs are planning to outsource their IT solutions which would help protect their digital assets from cyber threats and increase their bandwidth to address other business areas of concern.

Thus, for companies offering Managed Security Services (MSP), the current Cybersecurity landscape and lack of preparedness of small to medium scale businesses offers a golden business opportunity to explore.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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