Hybrid work models and broadly adopted cloud technology disperse operations extensively; data is moved, stored, and accessed from highly distributed locations. Within such a disseminated environment, cybersecurity hygiene concerns businesses and organisations, especially nowadays, where highly skilled cybercriminals become more active, and their attacks are predicted to intensify further and increase the cost at a 15% annual rate.

In today’s digital age, every business, no matter its size, faces increasing cybersecurity threats, including the risk of data loss that can have severe consequences, ranging from financial losses – with annual costs of $10.5 trillion in 2025 – to disrupted operations and reputational damage.

Not only large enterprises but small and medium-sized businesses (SMBs) should realise the threat size, its origin, exogenous or from their inner circle, and the potential impact on their assets. Implementing an effective data loss prevention (DLP) strategy to mitigate these cyber threats and safeguard critical data is imperative.

SMBs are in danger

Data loss refers to the unauthorised or accidental destruction, alteration, or exposure of sensitive information. It can occur through various means, such as hardware failure, human error, negligence, or cybercriminal activities. Understanding the data loss threat and the impact of data loss on SMBs is significant.

The theory that cybercriminals, the sharks, go only for the big fish, the large-sized companies, proved faulty. CyberEdge Group’s ninth annual Cyberthreat Defense Report (CDR) highlighted that ransomware attacks’ main target was mid-sized businesses. This is because such an attack will likely avoid confronting large enterprises’ powerful cybersecurity strongholds or drawing the attention of law enforcement agencies.

On the other hand, small-sized ..

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