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New research from Zix-AppRiver highlights small and midsize businesses’ concerns over increased cyberattacks by nation-states; reveals how they plan to improve their security posture in the next year
With cybersecurity concerns already mounting ahead of the 2020 presidential election, SMB executives are turning their attention to how these threats could impact their own business. According to the survey, 93 percent believe that as foreign adversaries attempt to breach national security or wage cyberwar, they will use small businesses such as their own as entry points. Among them, two thirds expect this threat to become even more severe.
“In 2019, we saw cyberattacks on our government trickle down from large agencies to smaller local municipalities and schools,” said
This, among other cybersecurity concerns, could be a possible driver behind SMBs’ plan to shore up their security investment and defenses in 2020. Sixty-two percent of all SMBs plan to increase their cybersecurity budgets in 2020. Among the list of cybersecurity upgrades they’d like to make, their highest priorities include employing more cybersecurity technology (58 percent), creating better security awareness training for their employees (57 percent) and conducting more regular reviews of their security defenses (50 percent). These findings are in line with other key results from the survey, which indicate that only 43 percent of all SMBs currently feel in-control and confident in their own cyber preparedness.
SMBs within the government and technology sectors are among those most concerned about nation-state cyberattacks on their business in 2020. Executives within these industries also have the highest propensity to increase their cybersecurity budgets in 2020, with 77 percent of technology SMBs and 76 percent government SMBs planning to increase their budgets in the coming year.
“It seems unusual that small and midsize companies are concerned about foreign powers, but with elections coming up in 2020, they have legitimate reasons to worry about becoming vulnerable entry points for outside entities,” said
About the Survey
The survey polled 1,049 cybersecurity decision-makers within U.S. SMBs (fewer than 250 employees), covering a diverse range of industry sectors.
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AppRiver, a Zix company, 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
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