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The report underlines the extent of the challenge facing SMBs across the country , with two in five ( 39 %) overwhelmed by the sheer volume of security alerts their business receives . This is leading to a new phenomenon of ‘ alert fatigue ’, as many businesses are typically receiving up to 75 alerts a day , according to the research .

Alongside a lack of expertise and ‘ alert fatigue ’, Arctic Wolf ’ s report also discovered finding time to manage cybersecurity is a key problem for many workforces – leaving businesses even more vulnerable to attack . Over half ( 55 %) of the business leaders surveyed admitted cybersecurity issues are regularly deprioritised in favour of other business activity , while a third ( 34 %) don ’ t have time to keep across every threat or alert .

“ Cyberattacks , such as ransomware , are growing more advanced by the day , and organisations that fall victim are experiencing not only short-term financial and operational impacts , but also long-term impacts from customers and partners losing their trust ,” said Christina Richmond , Programme Vice President , Security Services , IDC .

“ Being able to identify and mitigate cybersecurity risk has become an essential function for all organisations , but finding the talent , tuning the tools and developing the internal process is a significant challenge for even the largest , well-resourced organisations . These operational challenges are why organisations across the UK must leverage the outside security expertise offered by cloud-hosted security services .”

The new research , which surveyed 505 UK small- and medium-sized business leaders , coincides with Arctic Wolf ’ s expansion of its operations into the EMEA market . The company is establishing its European headquarters in the UK and expects to open its first European Security Operations Centre ( SriOC ) in Germany later this year , while also actively growing its presence in the Nordics and the Benelux regions . The company ’ s international expansion comes on the heels of the company doubling its North American sales for an eighth consecutive year and securing a US $ 200 million funding round at a valuation of US $ 1.3 billion in 2020 .

Arctic Wolf helps thousands of organisations worldwide , including hundreds with established offices in Europe , end cyber-risk by identifying , responding to and recovering from threats . The Arctic Wolf cloud-native platform is the industry ’ s only solution that spans the complete Security Operations framework , including Managed Detection and Response ( MDR ), Managed Risk , Managed Cloud Monitoring and Managed Security Awarenessdelivered by the industry ’ s original Concierge Security Team .

“ Arctic Wolf is seeing tremendous demand from organisations in Europe looking to embrace security operations with ease and simplicity to address the rapidly evolving threat landscape ,” said Nick Schneider , President and Chief Revenue Officer at Arctic Wolf . �