Mid-sized businesses are finding themselves in a precarious position as of late. Forced to cut back spending because of the ongoing recession, many firms are spending less on security, but at the same time, cyber attacks are on the rise, according to a McAfee report released today.
McAfee surveyed 900 mid-sized businesses around the globe with workforces ranging from 51 to 1,000 employees, and more than half of them reported an increase in security breaches over the past 12 months. The United States, along with India, ranked at the top of the charts with 63 percent of organizations noting an increase in attacks, and only China was higher at 68 percent.
But what's most frightening is how many of those same organizations think they're only a single serious security breach away from being put out of business. Of those surveyed in the U.S., 71 percent said it's a real possibility, yet IT budgets have either dropped or remained the same.
"An organization's level of worry and awareness about increasing threats has not overcome the downward pressure on budgets and resources," said Darrell Rodenbaugh, senior vice president of global midmarket for McAfee, in a statement. "But this creates a vicious cycle of breach and repair that costs far more than prevention."
While most companies note that a single attack could do them in, McAfee notes that most businesses may underestimate the risk. Over 90 percent of those surveyed felt they're protected from cybercriminals and aren't in as much danger as larger businesses.
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