Most SMBs Fear Ransomware Attack Amid Heightened Geopolitical Tensions

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OpenText, a Canadian information management specialist, has released a new study in which nearly nine in 10 of the 1,332 security and IT professionals surveyed from small and medium-sized businesses (SMBs) said they feared a ransomware attack on their organization.

In addition, the survey’s findings, which were gleaned from U.S., U.K. and Australian organizations, showed a “growing concern” about the impact of geopolitical tensions and rising inflation rates on their vulnerability to a ransomware attack.

The MSSP Factor for SMBs

SMBs, in particular, are fertile ground for managed security service providers (MSSPs) and managed service providers (MSPs), the study found. More SMBs outsource their security to an IT provider or MSP than not, with 58% using external security management support. The potential for more involvement is also there, as some 65% of SMBs that don’t engage an MSP would consider doing so in the future.

Another plus for MSSPs and MSPs is that OpenText, which is the parent company of security providers AppRiver, Webroot and Carbonite, has recently pushed into managed extended detection and response (MxDR)…

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