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Small businesses are not immune to cyber attacks as 36 percent of them have been victims of data breaches so far in 2019, a new report found.

While data breaches remain an area of concern for businesses of all sizes, the survey revealed small businesses in particular are not taking the proper precautions to prevent such threats from happening, according to a report from Kaspersky.

While cybersecurity incidents in companies with under 50 employees are rarely publicized, data breaches for small organizations are growing faster than in any other sector and have experienced a year over year increase of 6 percent since 2018 as opposed to SMBs (2 percent) and enterprises (3 percent).

Small businesses, not immune to cyber attacks, 36 percent, victims of data breaches so far in 2019, small businesses in particular are not taking the proper precautions, prevent such threats from happening, report from Kaspersky, data breaches for small organizations are growing faster, experienced a year over year increase of 6 percent,
Small Businesses Feel Brunt of Breaches
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Cyber Security

To avoid future data breaches, small businesses must be better prepared with the appropriate security protections in place to keep their entire business safe.

However, the survey found a third of small business (33 percent) do not have centralized cybersecurity management and maintenance protection on a specific computer remains the responsibility of each individual employee.

In addition, the survey revealed some small businesses (25 percent) use home consumer products as their only form of security protection. While it is better to have some security measures in place than none, solutions for individual consumer users do not have specific functions that are necessary for business security, like protection for servers or centralized management.

Data breaches continue to grow in the small business segment.
Source: Kaspersky

“Smaller companies are often focused on how to make their business work and grow, just like they should be,” said Andrey Dankevich, solution business lead at Kaspersky. “They may not have cybersecurity among their top priorities; however, the cost for overlooking the problem will only grow. Why? Because malware doesn’t distinguish between its victims and because even very small organizations have something to lose such as sensitive data. The good news is that to be able to protect themselves both from malware and human factor risks, these smaller companies don’t need to invest much or hire advanced specialists. It is only a matter of choosing the right security product.”

Click here for more information about data breaches in small businesses.

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