With SMBs increasingly at risk from cyberattacks, we offer tips and strategies that business leaders can use to protect their company
It’s tempting to think that cybersecurity is something for larger organizations, but small and mid-sized businesses (SMBs) should be careful not to fall into the trap of thinking that they are too small to be noticed by hackers. Hiscox's Cyber Readiness Report 2019 revealed that the number of small and mid-sized businesses reporting at least one attack has continued to rise year-over-year, reaching 47% for those with less than 50 employees and 63% for those with 50 to 250 staff members.
October is Cybersecurity Awareness Month, and there's never been a better time to become more educated about business protection and how to stay safe from complex breaches.
Why do small businesses need cybersecurity?
It is common knowledge that small businesses are often run on very limited resources. This can mean that they feel there isn’t the time or budget available to prioritize security measures to the same degree as day-to-day operations. As a result, it becomes part of an individual's role, rather than a dedicated position, training and software risks become outdated, and ultimately, data security becomes an afterthought.
To solve this problem, small businesses need to ensure that cybersecurity is treated as a high priority in the same way that physical security of the office space is regarded. To do this, it is key that best practices are defined and regularly updated in a small business cybersecurity plan.
Improving security doesn’t necessarily mean huge expenses, but it does require a company’s focus to avoid beco ..
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