Why Small Businesses Have Big Security Concerns

Why Small Businesses Have Big Security Concerns 

Why Small Business Have Big Security ConcernsWhy Small Business Have Big Security Concerns

Although many small businesses fear data loss, SMBs lack appropriate disaster recovery plans and are extremely vulnerable to rising security threats.

Few Businesses Have Disaster Recovery PlansFew Businesses Have Disaster Recovery Plans

88% of small businesses equate a disaster recovery plan to a data or insurance policy. 36% of small businesses have a detailed disaster recovery plan in place. 45% of small businesses have only a business continuity and disaster recovery framework.

Company Size and Disaster Recovery PlanningCompany Size and Disaster Recovery Planning

Organization size directly correlates with respondents’ interest and investment in disaster recovery planning. 25% of companies with less than 100 employees have no disaster recovery plan. 8% with 100 to 250 employees have no disaster recovery plan.

SMBs and BudgetsSMBs and Budgets

Smaller businesses are less likely to have a separate budget for disaster recovery solutions, taking their chances on data protection.

Internal and External IT Security IncidentsInternal and External IT Security Incidents

Most organizations are still focused on internal threats, perhaps because viruses, malware and ransomware are wreaking havoc more than ever. 55% of small business IT decision-makers are more concerned with internal threats than outside forces.

Concern Over Internal Threats and Company SizeConcern Over Internal Threats and Company Size

Concern over internal risks increase with employee count. Three in four organizations with 100 to 250 employees are most concerned about internal threats. Under half of small organizations feel the same.

What to Do If HackedWhat to Do If Hacked

43% of respondents say they would not know what to do if their company was hacked.

Data Privacy Is Greatest ConcernData Privacy Is Greatest Concern

More than half of businesses surveyed say data privacy concerns are worse for IT than for health care professionals. 38% report having to meet HIPAA regulations. 32% report having to meet ISO regulations. 22% of businesses report having to meet PCI regulations.

Small and Midsize Businesses Embrace the CloudSmall and Midsize Businesses Embrace the Cloud

Small businesses are benefiting from more secure cloud environments. 73% of small businesses are already using cloud solutions for business data. 81% of small businesses are already losing cloud solutions for personal data.

Playing It SafePlaying It Safe

Although most businesses trust cloud vendors to protect their data, 75% check vendors’ ability to meet compliance requirements before making a purchase.

Karen A. Frenkel
Karen A. Frenkel
Karen A. Frenkel is a contributor to CIO Insight. She covers cybersecurity topics such as digital transformation, vulnerabilities, phishing, malware, and information governance.

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