Barclaycard, one of the giants in the industry of global payments, has some disturbing new data to share about the state of cybersecurity in small and medium-sized businesses. Less than one in five of the businesses surveyed viewed cybersecurity as their top priority. What makes that fact more disturbing still is the fact that nearly half of those businesses admitted to having been a victim of a cyber-attack within the last 12-months, and slightly more than half (54%) saying that they are fearful they may be hit again.
In tandem with this is the fact that a mere 13% of poll respondents said that they were comfortable enough with their level of knowledge to be able to even formulate a plan that would protect their business. When you put those two pieces of information together, along with the fact that, on average, a cyber attack on a small to medium sized business will cost companies about $100,000, it’s easy to see why the data is so disturbing.
The reality is that most of the businesses in operation on the planet today are small to medium-sized. The realization that most of these are terrified of being hit, many of them have already been hit, and few are taking steps to do anything about it is a recipe for long-term disaster.
How is your firm’s cybersecurity? Do you feel confident you can withstand a determined attack on your digital infrastructure? If not, what are your plans to address weaknesses in your current security? If you’re not sure how to proceed, but you recognize that you are at risk, know that you don’t have to go it alone! Contact us today and speak with one of our knowledgeable team members. We can help you assess the current state of your digital security, and assist you with making your firm’s data as safe as it can be
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