Guest blog courtesy of CYRISMA.
Until recent years, most small and medium-sized businesses (SMBs) harbored the misconception that they were safe from cyber attacks. Ransomware and data breaches were seen as incidents that only happened to large enterprises with very deep pockets and expansive operations. The only attacks that made the news were ones that targeted well-known organizations, and this was assumed to be the extent of cybercrime.
These attitudes have been changing with increasing awareness about the frequency and debilitating consequences of cyber attacks, and the stringent data privacy requirements that apply to all businesses – regardless of size. According to the 2024 “State of SMB Cybersecurity” survey by ConnectWise and Vanson Bourne, 78% SMBs today are worried about cyber attacks, 83% are planning to invest more in cybersecurity over the next year, and 76% percent say that their organization would be unable to deal with cybersecurity issues effectively without external support.
SMB Cybersecurity – Double-Digit CAGR
Between 2024 and 2032 the SMB cybersecurity market in the US is estimated to grow at a CAGR of 13.2%, higher than the overall US cybersecurity…
