According to a new AppRiver survey, 58% of cybersecurity decision makers at small- and medium-sized businesses (SMBs) are more concerned about their organization experiencing a data breach than about facing a flood, fire, transit strike, or a physical break-in. For larger SMBs (with between 150 and 250 employees) the number is 66%.
The report shows that these concerns are grounded in reality, as only half (52%) of SMBs would be able to bounce back after suffering a major data breach. The chances of survival after a breach are far worse for organizations in the financial/insurance (29%) and healthcare sectors (38%). The research also found that 1 in 4 SMBs (24%) are most worried about getting attacked by disgruntled former staff members, which is a higher percentage than for rogue hacktivist groups (21%), lone-wolf hackers (19%), competitors (18%) and nation-state hackers (18%).
Read more: Why businesses fear cyberattacks from ex-employees more than nation states
