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SMBs relying on free cybersecurity tools, or none at all

(Image credit: Pixabay)

Small businesses are at serious risk of cyberattacks (opens in new tab)that could ruin their entire operation, yet many remain unprotected due to the complexity of enterprise cybersecurity solutions.

This is according to a new report by cybersecurity firm BullGuard, which claims that a fifth of US and UK SMBs have no cybersecurity solution set up at all.

Half of the organisations polled for the report use consumer-grade cybersecurity tools, while four in ten (43 percent) don't have a defence plan.

For Paul Lipman, BullGuard’s CEO, the main reason is that enterprise software is “overly complex”, which is why businesses choose to go either with consumer-grade tools, or with no tools at all.

Another important reason seems to be that SMB owners don’t believe they are desirable targets for attack. Almost six in ten SMB owners believe their business isn’t very likely to be a target. One in five said their business has no vulnerabilities.

At the same time, almost one in five (18.5 percent) have suffered a cyberattack (opens in new tab) or a data breach in the past year and 50 percent of SMB owners said they didn’t organise cybersecurity training for their employees.

"Small businesses are not immune to cyberattacks and data breaches and are often targeted specifically because they often fail to prioritise security," said Lipman. “It only takes one attack, however, to bring a business to its knees."

Sead Fadilpašić is a freelance tech writer and journalist with more than 17 years experience writing technology-focussed news, blogs, whitepapers, reviews, and ebooks. And his work has featured in online media outlets from all over the world, including Al Jazeera Balkans (where he was a Multimedia Journalist), Crypto News, TechRadar Pro, and IT Pro Portal, where he has written news and features for over five years. Sead's experience also includes writing for inbound marketing, where he creates technology-based content for clients from London to Singapore. Sead is a HubSpot-certified content creator.