Week 10: Most mid-sized businesses lack cybersecurity experts, incident response plans

According to a Hunteress analysis, 99% of all companies dealing with cybersecurity issues in the United States and in Canada are mid-sized companies. According to the analysis, 49% of mid-sized businesses will raise their cybersecurity budget.  For 61% of mid-sized businesses, there are no professional cybersecurity experts in their companies. In addition as 47% of them don't have an incident response plan, 24% of those mid-sized companies are unsure if they have been the victim of a cyber attack. 27% of medium-sized enterprises stated they lacked cyber insurance. 

Despite lacking security measures, mid-sized businesses also have difficulty in putting basic training procedures, while just 9% of the surveyed indicated that their employees follow the security best practices. This disparity can lead to more opportunities for cybercriminals. In addition, 69% stated that they have the requisite to have some form of cyber insurance and about 30% report not having one. 

Those numbers highlight the importance of cybersecurity, but they also bring forward the lack of resources mi-sized companies get because they definitely do not have the funds to implement even the most basic cybersecurity training, unfortunately. 

Reference :

https://www.helpnetsecurity.com/2023/03/20/mid-sized-businesses-cybersecurity-challenges/