Over 70% of Small Businesses Fail to Prioritize Cybersecurity | #malware | #ransomware

Cybersecurity Solutions

Keeping up with the latest cybersecurity can feel like constantly playing catch up, with new virus variants, data breaches and ransomware attacks being reported every day. However, tech has made this task easier than ever, and investing in robust solutions such as antivirus software and password managers can severely mitigate the risks.

49% of businesses surveyed by Tech.co reported using antivirus software to protect their business assets, and 80% were happy that this solved the challenges they had been facing. What’s more, businesses who chose to invest in antivirus software were more likely to also report that they were exceeding their business growth goals. On the flip side, over half of the businesses we spoke to were at risk from viruses, and antivirus software can’t solve all business security concerns alone.

Again, certain industries showed signs of being more behind than others, for example, only 25% of the Accounting industry reported using antivirus software, compared to 69% of those in the Legal profession.

Password managers can be another lifeline for employees. These reduce the risk of poor, easy-to-hack and repeated passwords, and they can also alert users about compromised credentials. 32% of those Tech.co spoke to had a password manager solution in place already, but some of the lowest use was seen in the most at-risk industries. Hospitality stood out once more, as only 7% of those in the industry stated they use password managers.

With cybersecurity threats on the rise, and exacerbated by a more vulnerable workforce due to the widespread adoption of hybrid working, attacks for many companies aren’t so much a case of ‘if’, but ‘when’. Preparing and raising digital defenses can deflect a lot of these attacks, but companies that don’t invest in security now are likely to pay a much higher price in the long run.

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