cybercriminals can launch very sophisticated attacks. But it’s often lax cybersecurity
practices that enable most breaches. This is especially true when it comes to small and
mid-sized businesses (SMBs).
Small business owners often don’t prioritize cybersecurity measures. They may be just fully
focused on growing the company. They think they have a lower data breach risk. Or they
may think it’s an expense they can’t bear.
But cybersecurity is not only a concern for large corporations. It's a critical issue for small
businesses as well. Small businesses are often seen as attractive targets for cybercriminals.
This is due to many perceived vulnerabilities.
Fifty percent of SMBs have been victims of cyberattacks. More than 60% of them go
out of business afterward.
Cybersecurity doesn’t need to be expensive. Most data breaches are the result of human error. But that is actually good news. It means that improving cyber hygiene can reduce the risk of falling victim to an attack.
To address the issue, you need to first identify the problem. Often the teams at SMBs are making mistakes they don’t even realize. Below are some of the biggest reasons small businesses fall victim to cyberattacks. Read on to see if any of this sounds familiar around your company.
One of the biggest cybersecurity mistakes of SMBs is underestimating the threat landscape. Many business owners assume that their company is too small to be a target. But this is a dangerous misconception.
Cybercriminals often see small businesses as easy targets. They believe the company lacks
the resources or expertise to defend against attacks. It's essential to understand that no
business is too small for cybercriminals to target. Being proactive in cybersecurity is crucial.