Cybersecurity threats pose a significant risk to small- and medium-sized businesses (SMBs). Hackers often target smaller organisations because they tend to lack the robust security infrastructure of larger enterprises. The consequences can include financial losses, damage to reputation, and legal action - and in some cases it can even lead to the business being so damaged, or losing so much money, that it has to shut down. The threat is real: 76% of SMBs surveyed in a 2022 ConnectWise study said they’d been the subject of one or more cyberattacks during the previous year. In a CrowdStrike survey of SMBs, 63% said they were facing increasingly advanced cyberthreats, including ransomware and identity-based attacks, and 61% said they lacked the cybersecurity staff and expertise to deal with these threats. Common cybersecurity vulnerabilities for SMBs include outdated software, weak password policies, lack of encryption, and insufficient employee awareness.
Cybersecurity threats pose a significant risk to small- and medium-sized businesses (SMBs). Hackers often target smaller organisations because they tend to lack the robust security infrastructure of larger enterprises. The consequences can include financial losses, damage to reputation, and legal action - and in some cases it can even lead to the business being so damaged, or losing so much money, that it has to shut down. The threat is real: 76% of SMBs surveyed in a 2022 ConnectWise study said they’d been the subject of one or more cyberattacks during the previous year. In a CrowdStrike survey of SMBs, 63% said they were facing increasingly advanced cyberthreats, including ransomware and identity-based attacks, and 61% said they lacked the cybersecurity staff and expertise to deal with these threats. Common cybersecurity vulnerabilities for SMBs include outdated software, weak password policies, lack of encryption, and insufficient employee awareness.