As we wrote in our previous article, Eurostat data shows that a significant proportion of EU businesses would be vulnerable to an unexpected cyber-attack. One in five EU small and medium-sized enterprises (SMEs) have experienced an IT security incident, yet only a quarter of them have the necessary insurances, and Hungarian firms fare even worse, with only 5 percent having adequate security systems in place. Moreover, most Hungarian SMEs are not particularly worried about phishing, despite the growing number of online attacks globally.
Companies tend to underestimate the seriousness of phishing, even though it puts not only their own data at risk, but also that of their customers and partners. According to a research by Magyar Telekom last year, three quarters of Hungarian micro and small businesses are not afraid of being targeted by cyber criminals, and 80 percent say that a possible data loss would not be an imminent problem.40 percent of the businesses surveyed are trying to address IT and datasecurity tasks internally. Although three quarters of SMEs invest in security solutions, the majority no longer think about regular maintenance and only a quarter keep their systems up to date with ongoing reviews.
However, Eurostat's analysis shows that 13 percent of Hungarian businesses with more than 10 employees experienced an IT security incident in 2021, so it may be worth putting more emphasis on risk reduction. Last year, Check Point Research(CPR) warned of a record increase in the number of cyber-attacks, with a 38 percent increase in volume in one year. Companies can only protect their onlineo perations by focusing on prevention, rather than acting when the damage is done. Companies failing to take timely action can suffer severe financial losses during an attack, which could even put their operations at risk. ViVeTech's experts provide up-to-date knowledge and tailored solutions to help customers build and operate more secure systems.
