Why Small Businesses Have Big Security Concerns
Why 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 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 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 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 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 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 Hacked
43% of respondents say they would not know what to do if their company was hacked.
Data 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 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 Safe
Although most businesses trust cloud vendors to protect their data, 75% check vendors’ ability to meet compliance requirements before making a purchase.
