Survey of 1,200 SMBs Finds 75% Would be Able to Survive Ransomware Attack
Monday, April 18th, 2022
CyberCatch today announced the publication of its Small and Medium-Sized Businesses Ransomware Survey (SMBRS). The SMBRS involved a blind survey of 1,200 small and medium-sized businesses (SMBs) in U.S. and Canada. The SMBRS is the first survey focused exclusively on SMBs to identify the extent of resiliency to ransomware. Ransomware is a critical threat to all organizations, especially to SMBs who may not be able to recover from a ransomware attack.
The survey was conducted independently by Momentive, a leading market insights company and maker of SurveyMonkey. The name of the survey sponsor, CyberCatch, was kept confidential in order to prevent any bias in the survey responses.
"Ransomware is an existential threat to SMBs who are a critical part of the supply chain," said Sai Huda, founder, chairman and CEO, CyberCatch. "Foreign adversaries and criminal gangs will increasingly attack SMBs with ransomware to not only extort ransom payments but also use as the entry point upstream to the eventual target, a large company, critical infrastructure, government agency, healthcare organization or other high value target. The SMBRS is a wakeup call for proper cybersecurity controls. The report reveals seven key cybersecurity controls to thwart ransomware."
