SMBs face an increased risk of cyber-attack, warn Ponemon and Keeper Security, following research showing that 61% of SMBs experienced a breach in 2017, up from 55% in 2016, and that the quantity of stolen data in an average breach has nearly doubled to 9,350 records, from an average of 5,079 in 2016.
According to Ponemon, the average cost of disruption to business operations now exceeds $1,000,000, as does the cost of damage to or theft of IT assets/infrastructure.
Negligence by employees and contractors is the number one cause of data breaches, cited by 54% of IT professionals surveyed, followed by third party mistakes (43%), errors in system or operation processes (34%), external hackers (33%) and malicious insiders (7%).
Keeper Security’s 2017 State of SMB Cybersecurity Report shows that despite concerns about the vigilance of employees, only 43% of SMBs have a corporate password policy in place. Of those that do, 68% don’t strictly enforce that policy (or are unsure whether they do).