Most SMB owners assume that their company is too small to be targeted by cyber thieves. The fact is that SMBs rarely invest in security measures or training and hence are the easiest of targets for a cyberattack.
The statistics* tell us otherwise:
• 43% of cyberattack victims are small businesses
• The average cost of a cyberattack on a SMB is USD 200,000.00; daunting for small companies, especially those without a cybersecurity plan.
• Nearly 60% of SMBs fold within six months of a cyberattack
Businesses both big and small are vulnerable to cyberattacks that can greatly disrupt business operations and their survival greatly depends on how quickly they can adapt to the constantly changing digital landscape.
A security-first mentality, which includes carrying out regular audits, is a smart way to secure your IT environment and equip your business to face the challenges head-on.
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(*source: 2019 Verizon Data breach Investigations Report)
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