In what is perhaps a surprising bit of news, our fears have flipped. In fact, recent studies have shown that Americans are now more fearful of cyberattacks than they are of nuclear war. This shift in perception has significant implications for small and medium-sized businesses (SMBs), as they are particularly vulnerable to cybercrime.
According to recent surveys including one by Gallup Americans are more afraid of cyberattacks than nuclear war.
This shift in perception can be attributed to a number of factors. One of the primary drivers is the increasing frequency and severity of cyberattacks in recent years. From the SolarWinds hack to the Colonial Pipeline ransomware attack, cybercriminals are becoming more sophisticated and are capable of causing significant damage to businesses and infrastructure.
Threat to Business
For SMBs, the threat of a cyberattack is particularly concerning. Unlike larger organizations, SMBs often lack the resources and expertise to defend against cyber threats effectively. In fact, according to the 2020 Verizon Data Breach Investigations Report, 28% of data breaches involved small businesses.
To address this growing threat, you must take proactive steps to protect your business. This includes implementing cybersecurity measures such as firewalls, antivirus software, and two-factor authentication. You should also conduct regular security audits to identify potential vulnerabilities and ensure your employees are trained in cybersecurity practices.
Working with your managed service provider (MSP) to provide access to enterprise-level cybersecurity tools and expertise can come at a fraction of the cost of building an in-house security team. But the return on that investment is priceless should it save you from a data breach or cyber attack.
This shift in our perception of cyberattacks highlights the growing threat that cybercrime poses to businesses and individuals alike. Taking proactive steps to protect your digital assets and working with your IT team will provide you with the expertise and resources that you need to defend against this growing threat. By prioritizing cybersecurity, you can safeguard your businesses and your customers from the devastating consequences of a cyberattack.