- Business owners don’t believe they are a likely victim in cyberattacks
- Many businesses still don’t have cyber insurance
- 40 % of regular consumers think they criminals never targeted them
Consumers and businesses alike are underprepared to deal with existing or upcoming cyber threats. Surprisingly, according to a Nationwide Agent Authority survey, the main reason is not the lack of funds, but misplaced confidence and poor risk management.
People’s focus switched from keeping their families and businesses safe from cyber threats to the more tangible goal of staying afloat in these uncertain economic times. That’s not necessarily happening all across the board, with some middle-market business owners being more proactive in their cyber defense.
The most significant issue small business owners face is their inability to recognize their cyber vulnerabilities, which leaves them open to attacks. This type of business is more likely to suffer cyberattacks, and it’s the part of the economy that protects itself the least.
“Though nearly half of cyberattacks are aimed at small businesses, only 37% of small business owners reported believing they are at risk to fall victim to a…
