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66 percent of SMBs don't believe they’re vulnerable to a cyberattack

posted onJuly 25, 2019
by l33tdawg
BetaNews
Credit: BetaNews

Most small and medium businesses are seriously underestimating their vulnerability to cyberattacks according to a new study.

The report from password manager company Keeper Security shows that 66 percent don't think they will fall victim to an attack. But this confidence is contradicted by a study last year that showed 67 percent of SMBs had been attacked in the past year.

The latest study finds that only about one in ten (12 percent) understand the reality that an attack is very likely, no matter how big or small the company. Interestingly, newer companies are likely to have greater awareness of the risk of attack. Of companies in business less than five years, 28 percent believed it was 'very likely' that they will be the target of a cyberattack, while only six percent operating for 10 or more years thought the same. In fact, 70 percent of businesses operating for 10 or more years believe a cyberattack is not very likely or not likely at all.

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