In late 2015 Wakefield Research surveyed 700 SMBs about their cybersecurity measures. An interesting finding was the amount SMBs estimate a cyberattack could cost them in 2016. Respondents in the US estimated the cost would be over half a million dollars, while those in the UK and Australia estimated closer to $300,000.
Concerns about cloud security and data protection are rarely backed up by a wealth of evidence. A Microsoft survey found only 20% of SMBs viewed cloud based solutions as less secure than on-premise alternatives. Although SMBs should always investigate the controls providers have in place, most vendors provide the latest, enterprise level security methods and encryption at a fraction of the cost of company managed alternatives.
