Regardless of the size, any company can be vulnerable to various cyberattacks, but the smallest businesses are the easiest targets. Continue reading →
Reports on major data breaches break the news once every few days. Regardless of the size, any company can be vulnerable to various cyberattacks, but the smallest businesses are the easiest targets. Find out what you can do to protect your organization.
The largest companies are usually the best protected when it comes to cyber threats. The reasoning is quite simple – the bigger the company, the more resources it can devote to its IT and cybersecurity departments.
It’s not that the big dogs are never attacked – even companies like Microsoft deal with their share of cybercriminals. However, smaller businesses are targeted more often.
According to Tripwire, small businesses suffered 152% more data breaches in 2020 and 2021 compared to the previous two years. This comes as no surprise. 2020 and 2021 were overshadowed by a global pandemic that forced most companies to move online. While large organizations had the resources to adapt and overcome the new situation, SMBs had a more challenging time.
What does it mean if a company is well protected against cyber threats?
As you can easily imagine, the takeaways listed above are not the cheapest. Large companies can afford entire departments dedicated to their security, but small and medium-sized businesses have to improvise.
Money is not the only factor in protecting against cyber criminals. Large organizations take their security seriously because they are the most profitable targets.
Hackers are well aware of this. They know that breaching a big company requires resources and team effort, so some of them instead focus on smaller and weaker prey. Representatives of small and medium-sized companies often think cybercriminals won’t pay attention to them, which has proven untrue.
Another issue is that SMB owners often underestimate what it takes to recover from a data breach or attack. The truth is, when a company faces a ransomware attack, it doesn’t have to pay for the data recovery only. The costs of legal procedures or lost productivity can seriously cripple its funds.
Last but not least, publicity and trust are also important. While large companies can afford to lose some of their customers and contractors without going bankrupt, small businesses have to care about their reputation.
Both large and small companies can be vulnerable to cyber threats, but the latter have it more difficult. In the post-pandemic world, there is a growing demand for remote services and jobs. Organizations are expected to work online, but it is not that simple – especially regarding security.
These days, every business should invest in online security. Thieves and criminals no longer operate only in dark alleys. When it comes to cyber threats, preparedness is the best protection.
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