Since the start of 2020, a cyber-warfare storm has been brewing. Hundreds of thousands of mid-sized businesses lie in its path. Cyberthreats are common occurrences. In fact, they’re so common that every company falls into one of two categories:
- Companies that have already suffered a security breach.
- Companies that are about to suffer a security breach.
How do we know?
We’ve studied the data.
Over the course of 2020 and 2021, Coro undertook a research effort focused exclusively on mid-market businesses. We analyzed cyberthreat data from over 4,000 companies that employ between 100 and 1,500 people and operate in six industries:
Our findings should serve as a wake-up call to the mid-market and the cybersecurity industry that is currently undeserving it. In the past two years, cyberthreats against mid-sized companies have increased by 150%. Additionally, attacks against specific sectors range from doubling to nearly tripling over those two years.
At the same time, mid-market companies’ defenses against these growing attacks haven’t grown.
The combined growth in attacks and stagnation of security solutions offer a grim prognosis for mid-market cyber security preparedness in 2022 and beyond.
That said, there is still hope. With a proper shift in the cybersecurity paradigm, growing companies can find protection against cyberthreats.
Seven unavoidable truths from our research
- Growing companies are getting barraged by cyber-attacks as frequently as large enterprises.
- No industry is escaping cyber-criminals’ new attention toward mid-market businesses. Every sector has seen tremendous increases in attack volume, putting companies in all industries at risk.
- While numerous factors contribute to the increasing volume of attacks, one of the more critical shifts we’ve seen is the expansion of attack vectors. Phishing and malware attacks now have many more “flavors” than before the pandemic. This opens new avenues for bad actors to infiltrate corporate networks.
- Not only has the number of attacks against any given mid-sized company increased dramatically over the past two years, but the sophistication of the attacks has also risen significantly.
- Automation of attacks against midmarket companies has increased significantly during the COVID era.
- Most businesses in our study lack protections against this expanding and increasingly sophisticated array of attack vectors. And for the few companies that have deployed security solutions targeting specific attack vectors, most of these deployments are misconfigured, rendering the intended protection ineffective.
- The escalation in attacks against mid-market companies combined with the increasing sophistication seen over the past two years points to dire predictions for 2022 and beyond.
A New Paradigm for Mid-Market Security
Even if there were enough point solutions on the market today to cover the ever-broadening array of cyberthreat vectors being introduced into the cybercrime market, the IT and security resources needed to research, purchase, deploy, configure, and support the collection of disparate technologies would blow holes in the typical growing company’s IT and security budgets.
This is where Coro comes in
Coro is the fastest-growing mid-market cybersecurity company.
We provide all-in-one protection that defends against malware, ransomware, phishing, and bots.
We secure across devices, users, and cloud applications.
Over 5,000 businesses depend on Coro for cybersecurity protection.
Thanks to our unrivaled simplicity and unmatched affordability, that number is growing.
Coro’s platform is built on the principle of non-disruptive security.
It employs innovative AI technology to identify and remediate the many security threats. Thanks to our AI, IT teams don’t have to worry, investigate, or fix issues themselves.