For small and midsize businesses, cyberattacks can hurt in a big way – and if they lead to data breaches, the pain can be devastating.
A landmark survey of more than 1,000 SMBs last fall by the National Cyber Security Alliance found that while 88% believe they are "somewhat likely" a target for cybercriminals, nearly 30% already experienced a data breach in the past year. And of the group that was breached, 37% suffered a financial loss, 25% filed for bankruptcy, and 10% went out of business.
SMBs today have a wide range of security outsourcing options to choose from to tighten up their security defenses. While it remains unclear just how much the rapidly changing economic impact of the COVID-19 pandemic will affect small (less than 100 employees) and midsize (100 to 999 employees) business in the long term, cybercriminals aren't slowing down their activity, either.
Here is a look at some providers of security services for SMBs. This list draws from reports and research on managed security service providers (MSSPs) published in the past year by analysts including Gartner, Forrester, and IDC. Through extensive interviews with the vendors, only the companies that actually have programs for SMBs made the list.
This is not a comprehensive list of all security services out there for SMBs, so feel free to add others in our Comments section below.