Nearly half of midmarket executives (47%) in a newly released quarterly report cited cybersecurity as their top concern for the coming year. The Middle Market Indicator report, by Chubb and the National Center for the Middle Market (NCMM), shows that cybersecurity topped the list of concerns for the second quarter in row.
The concern isn’t surprising. Any executive who pays attention to the cyber threat landscape is bound to feel trepidation about the potential for cyber attacks against their organization. A study published by The Conference Board earlier this year found that cybersecurity is the top business concern for U.S. CEOs. Other studies have revealed similar findings.
One inescapable realization from all the research is that cyber fears affect companies of all sizes, regardless of their resources. While it’s true that a midsize company would have a harder time than an enterprise recovering from a cyber attack that causes $25 million in losses, the level of vulnerability at midmarket companies isn’t as different from enterprises as commonly believed.
In July, (ISC)2 released a report called Securing the Partner Ecosystem that contradicts much of the conventional wisdom about the difference in risk, vulnerability and preparedness between enterprises and smaller companies within the supply chain.
The study found that most businesses regardless of size use the same best practices to strengthen cyber defenses, such as antivirus scanning, firewall configuration, and email filters to prevent phishing. The stu ..
Support the originator by clicking the read the rest link below.
