SMBs continue to be the largest percentage of businesses targeted by cybercrime – here's what you can do
It’s easy to see the value in preparing for emergencies, yet when it comes to cybersecurity, this is still a top challenge for many small and medium businesses (SMBs). Small businesses often lack the time, budget, and resources for a proactive defense, creating a perfect scenario for cyberattacks. According to research in the 2019 Verizon Data Breach Investigations Report, the largest percentage of security breach victims are once again small businesses.
Consider this – 80% of SMBs recently cited IT security as a top priority, but nearly one-third are spending less than $1,000 on cybersecurity annually. In July, another study revealed that nearly half of SMBs have no response plan for a cybersecurity incident and 43% do not have a recovery plan.
If you’re a small business or a company without dedicated IT resources, these statistics may be the wake-up call you need.
The reality is that each day, small business networks are subjected to risk. An employee could access files from an insecure location. A partner or vendor could mistakenly click on a realistic-looking email that appears to be from a team member and unknowingly launch malware. An outdated software application could present a vulnerability that enables unauthorized access. Protecting your attack surfaces – all of the elements in your IT environment where vulnerabilities and threats could lead to unauthorized access – is critical for a proactive def ..
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