Cyber Security Threats to SMBs
Most of the time, when we think about the most public cyber security attacks and data breaches, we generally associate them with large enterprises. The truth is cyber attacks are not limited by company size.
According to the 2019 Cost of a Data Breach report by the Ponemon Institute, “small businesses face disproportionately higher costs than larger organizations when it comes to breaches.”
Small and Medium Size Businesses (SMBs) can be very profitable targets for bad actors because they have fewer resources and little in-house expertise to plan, implement, and execute a cybersecurity incident response plan. Business drivers and modernization needs make it an even trickier balancing act with the new norm of working from home. While large corporations can afford to spend vast sums of money on cybersecurity, SMBs must make every dollar count by identifying and focusing on top security threats.