Half of Business Leaders Say a Breach Could End Their Business, Others Remain Unaware

GlobalDots
1 Min read

A majority (58 percent) of executives at SMBs are more concerned about suffering a major data breach than a flood, a fire, a transit strike or even a physical break-in of their office.

Reduce your AWS costs by over 50%

Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already using our FinOps services.

Reduce your AWS costs 
by over 50%

The figure jumps to 66 percent when measuring large SMBs (150-250 employees) that now fear a data breach would be more detrimental than traditional disasters for businesses, according to the inaugural AppRiver Cyberthreat Index for Business Survey.

Nearly half of SMBs (48 percent) said a major data breach would likely shut down their business permanently. The percentage increased significantly with 71 percent of financial services and insurance SMBs reporting that a major breach would be fatal to their business. Healthcare and business consulting SMBs followed at 62 percent and 60 percent, respectively.

The survey further revealed that SMBs are more concerned about attacks from disgruntled ex-employees than highly publicized threats from nation-states, or even cyberattacks from competitors, rogue hacktivist groups or lone-wolf hackers.

Read more: Help Net Security

Latest Articles

3 IT Infrastructure Costs Increasing in 2024:

As we navigate through the evolving landscape of IT infrastructure, a closer look at the cost trends for 2024 reveals significant shifts. From cloud expenses feeling the pressure of economic changes. With global cloud spending expected to hit over $1 trillion and various sectors facing unique challenges, staying informed is more crucial than ever.  Dive […]

Miguel Fersen Iberia & LATAM Regional Manager @ GlobalDots
26th February, 2024
Justt – IaC

Justt is a chargeback mitigation startup based in Tel Aviv. Chargebacks, as defined, are demands by a credit card provider for a retailer to reimburse losses on fraudulent or disputed transactions. Justt’s objective is to assist merchants worldwide in combating false chargebacks using its proprietary artificial intelligence technology.

GlobalDots
22nd February, 2024
8 FinOps Best Practices for Cutting Cloud Costs

The cloud used to be viewed as a place of significant cost savings: rather than purchasing and maintaining dozens of server stacks, organizations could outsource this and purchase compute power on an as-needed basis. In the ensuing rush to cloud architecture, however, many companies simply lifted-and-shifted their old financial bad habits. The sheer speed of […]

GlobalDots
22nd February, 2024

Unlock Your Cloud Potential

Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.

Unlock Your Cloud Potential