Survey: Cybercrime More Devastating to SMBs than Other Threats Combined
Gulf Breeze, FL – February 26, 2019 – A majority (58 percent) of executives at small-to-medium-sized businesses (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, according to the inaugural AppRiver Cyberthreat Index for Business Survey . 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.
“In today’s digital age, businesses rely on their intellectual property and use automated business processes more than ever before – bringing cybersecurity to the forefront,” said Dave Wagner, CEO of Zix Corporation,
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
While SMBs are concerned about cybercriminals, not all of them are on high enough alert. The hospitality industry is a prime example. Despite the 2018 Marriott breach of 500 million customer records, only 28 percent of hospitality-sector respondents believe their business is vulnerable to imminent threats of cybersecurity attacks, compared to 62 percent of respondents who work in technology and 47 percent in the financial sector. Similarly, only 50 percent of hospitality respondents believe a successful
“Today, 6 in 10 U.S. SMBs go out of business within six months of a successful
University of West Florida Center for Cybersecurity Director Dr. Eman El-Sheikh said this research sheds new light on serious issues confronting SMBs.
"The establishment of the AppRiver Cyberthreat Index for Business addresses a critical need to understand organizations' cyber vulnerability and readiness,” she said. “The Index provides a benchmark for small- and medium-sized businesses and leaders to measure our collective cyber resiliency and emphasizes the importance of cybersecurity workforce development.”
The AppRiver Cyberthreat Index for Business surveyed 1,059 cybersecurity decision-makers in SMBs (less than 250 employees) in early 2019, covering diverse industry sectors and company sizes. The national study had a strong SMB leadership involvement with 80 percent of those surveyed holding titles of CEO, president, owner, CTO or head of IT*.
*To learn more about the methodology or to view more findings from the AppRiver Cyberthreat Index for Business survey, please go
AppRiver is a channel-first provider of cloud-enabled security and productivity services, with a 4,500-strong reseller community that protects 60,000 companies worldwide against a growing list of dangerous online threats. Among the world’s top Office 365 and Secure Hosted Exchange providers, the company’s brand is built on highly effective security services backed by 24/7 white-glove Phenomenal Care® customer service. AppRiver is headquartered in Gulf Breeze, Florida and maintains offices in Georgia, Texas, New York, Canada, Switzerland, United Kingdom and Spain. For more information, please visit www.appriver.com.