Undetected malware is the biggest concern for small businesses, according to a new survey by CSID and Research Now.
The survey was centred upon the owners of US companies, and found that 63 per cent of businesses thought undetected malware was the biggest concern, followed by employee error (41 per cent) and phishing attacks (38 per cent).
"The immense cost of a data breach can be difficult to bounce back from," explained a spokesperson from CSID.
"When a breach takes place, not only is there substantial financial cost but also the hard and overhead costs related to customer support, and the reputation cost of a damaged brand can often times be irreversible."
An increased focus on security could come this year, as 22 per cent of businesses plan to push cyber security measures. This is up from 15 per cent of businesses last year
The growth of malware and phishing attacks shows no sign of slowing down, presenting a major issue for unprepared businesses. To prevent data breaches from occurring, ethical hacking measures should be used to identify potential security flaws.
When used on a regular basis, the chance of a breach is lowered.