Small Businesses Are At Great Risk for Cyber Attacks, 30% Have No Data Security Protocols

Cyber attacks can seem like a really big deal, and they usually are. However, a majority of the ransomware, data stealer and other kinds of attacks don’t target huge corporations. Instead, they tend to focus on smaller businesses. Small businesses have a tendency to assume that they would never have to worry about cyber attacks because of the fact that this is the sort of thing that could potentially end up only happening to bigger companies.

With all of that having been said and now out of the way, it is important to note that this is not the case at all. Small businesses are just as vulnerable targets as bigger ones since they can have some really sensitive data such as credit card information and the like. According to a survey conducted by Avast, about 30% of businesses don’t have any data security protocols put in place at all, which is quite an alarming situation.

Around 5% of the respondents to this survey said that they felt like the risk of cyber attacks was being blown out of proportion, but a much more significant percentage, or 25% to be precise, said that they felt that paying for cyber security was just too expensive. This is a notion that will cause massive financial loss for the organizations that adhere to it with all things having been considered and taken into account.

Suffering from a cyber attack can be catastrophic, and most businesses that failed to implement the most basic security protocols will likely end up losing more than they managed to save by using appropriate data protection practices. Only around 30% of businesses did the most basic things like backing up their data or using networks that have been secured, and this will likely result in them experiencing financial losses in the near future, and that will probably lead to them wanting to look into data protection when it would be too late.

Vector created by WangXiNa freepik.
H/T: CN.

Read next: New Report Reveals Organizational Focus on Securing Physical Devices Ignores 97% of Assets Stored on the Cloud
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