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Mid-market businesses are particularly ill-equipped to shield against attack

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(Image credit: Image Credit: ESB Professional / Shutterstock)

Mid-market businesses (those with annual revenues of anywhere between $10 million and $1 billion) are particularly ill-equipped to handle the increasing volumes of cyberattacks.

This is according to a new report from the enterprise cybersecurity vendor Coro, which states that mid-market businesses are almost five times more likely to experience a security breach by the end of the year, in comparison to two years ago.

Indeed, many have already suffered cybersecurity breaches. The report asserts that attacks on mid-market companies haven risen by between 50-125 percent over the last year, depending on industry.

Another important takeaway is that “naive” attacks are making way for targeted ones. Non-discriminatory attacks dropped from 86 percent to 68 percent this year, while targeted attacks rose to 26 percent. Insider attacks, although taking up a comparatively tiny two percent, have actually doubled in frequency in the past year. 

Prior to the Covid-19 pandemic, phishing and malware made up the bulk of all attacks, the report concluded.

Sead Fadilpašić

Sead is a freelance journalist with more than 15 years of experience in writing various types of content, from blogs, whitepapers, and reviews to ebooks, and many more, across sites including Al Jazeera Balkans, TechRadar Pro, IT Pro Portal, and CryptoNews.