A Strong Digital Presence Is Important, But So Is Cybersecurity for SMBs

So you think you’re too small for hackers? Think again!

Small and medium-sized businesses (SMBs) are the backbone of our economy. They drive innovation and job creation. However, they also face a growing threat in the digital age: cybersecurity attacks. In fact, studies show that 46% of cyberattacks target SMBs , making them prime targets for cybercriminals. Why SMBs? Because…

• They often lack the robust cybersecurity defenses of larger corporations.
• More importantly, their false sense of security due to relative obscurity leads them to not put proper defenses in place. After all, why would a hacker target a small new e-commerce site when the best target would be giants like Amazon and Ali Baba, right?

However, cybercriminals are smart. They usually target unguarded businesses first to steal sensitive data, which they can then use to invade larger companies’ networks. It’s like a burglar breaking into a small store to access a departmental store’s security network. And yes, this happens.?

A study by the Ponemon Institute found that 59% of companies have experienced a data breach caused by a third party or one of their vendors with whom they have shared sensitive information.

In this sense, the criminals break into the “homes” at the bottom of the hill to get access to those “wealthier homes” at the top.?

The scary thing is that even a single attack can cripple an SMB, leading to financial losses, reputational damage, and even closure. Today, it’s more than crucial for SMBs to implement the best cybersecurity practices and stay informed about the latest cyber threats.?

So, let’s get serious about cybersecurity for SMBs and explore how to protect your business from the ever-growing threats lurking in the digital world.

Where are SMBs most vulnerable?

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Read the complete blog on our website here .