Cybersecurity Concerns: Small and Mid-Market Businesses on High Alert
Cybersecurity Awareness Growing
A new survey conducted by Nationwide has brought to light the escalating concerns surrounding cybersecurity among small and mid-market businesses. With 69% of U.S. small business owners expressing high levels of worry regarding cyberattacks, the data indicates a significant uptick. This marks a 16-point rise since 2022 and a staggering 31-point increase from 2020.
The Rising Threat Landscape
This growing fear can be attributed to the increasing frequency and sophistication of cyber threats. Small businesses often lack the necessary resources to effectively combat these threats, making them prime targets for cybercriminals.
Key Takeaways
- 69% of small business owners are highly concerned about cyberattacks.
- 16 points increase in fear since 2022.
- 31 points increase since 2020.
- Resources for effective cybersecurity measures are limited.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.