The Biggest Threat To Your Ecommerce Business: New Report

In a new survey, organizations around the globe say cyber attacks and data breaches are the biggest threat to their business.

760 small and medium businesses based in 72 countries worldwide were surveyed in The 2015 BCI Horizon Scan Survey’s annual report.

82% of respondents said cyber attacks were their number one concern, with data breaches taking first place for almost three-quarters of those surveyed.

 

BCI Horizon Scan Survey

BCI Horizon Scan Survey

 

The alarm over cyber attacks and data breaches has steadily risen over the past three years, ranking third in 2013, then moving to second place in 2014 until it claimed first place in 2015.

According to the report,

Cyber threats are now seen as the top threat to businesses worldwide with 82% of participants stating that they are either ‘extremely concerned’ or ‘concerned’ about this.

 

BCI Horizon Scan Survey

BCI Horizon Scan Survey

 

The report said that the growing concern over cyber attacks “may be attributed to recent cyber attacks on organisations like Sony and the emergence of state actors perpetrating these attacks.”

Adding to the anxiety over cyber attacks is the rising cost of such attacks. The report references a 2014  Ponemon Institute study that estimates that the average annual cost of cyber attacks worldwide is an astonishing $7.6 million. That’s an increase of more than 10% from the previous year. Data breaches are costing businesses an average of $5.9 million, up from $5.4 million the year before, according to another study from the Ponemon Institute.

So if the threat of a cyber attack or data breach wasn’t already on your radar, it should be. And if you aren’t taking every precaution against cyber threats with a website security protection plan, you should be. It’s easy to get hacked, but fortunately, it’s even easier to get protected.

Trust Guard has a proven track record in successfully protecting ecommerce businesses just like yours. It’s quick and easy to sign up. Why not give yourself some peace of mind and check out one of the global in website security? Visit trust-guard.com for more info.

 

 

 

Karen Schmidt

Journalist turned blogger about all things ecommerce, shopping, retail and cyber security.

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