Our digital landscape is evolving at a rapid pace. This has led cybercriminals to modify their techniques of attacking as well. The exponential speed and enhanced disruption techniques have turned routes to smaller companies. This is because they are easy targets to attain as much as possible.
According to the latest statistics, nearly half (43%) of cyberattacks target small companies, while only 14% of companies are equipped to protect themselves.
Introduction
In this digital world, cybersecurity plays an imperative role. It entails the measures and plans to fortify your networks, computers, and invaluable data they have. This all-inclusive shield guards against unauthorized threats and access prowling in this big digital landscape. Therefore, it won’t be wrong to refer to cybersecurity as the guardian of the digital realm. This preserves the integrity, confidentiality, and availability of their data. It is the protective frontline safeguarding against innumerable cyber opponents who want to compromise the core of their digital existence. This makes it an inseparable component of both organizational and personal data and analytics protection. According to reports,
· The yearly cost of cybercrime is expected to reach up to $10.5T in 2025.
· There has been an increase of 200% in the disruption levels from 2017 to 2022.
· 86% of the entrepreneurs believe that worldwide geopolitical uncertainty is likely to lead to catastrophic cyber events in the coming years.
Keeping this scenario under consideration, we are presenting to you the list of reasons why small businesses are the primary target of cyber attackers and techniques to overcome those attacks.
Scarcity of Resources
A new business has limited resources. This puts businesses in a difficult situation regarding financial focus. Cyber security tends to fall down. Therefore, safe internet practices and priority lists are nearly invisible. Unfortunately, the majority of the new companies do not have sufficient means to invest in a superior quality cybersecurity solution.
Untrained Employees
Unlike big companies, smaller companies often lack the resources to hire a competent IT security team. This means that they have two to three employees with scarce knowledge and budget to counter predicted cyber security issues. The prime target of the attackers is the information, without protecting the company’s data, your company is at risk.
Lesser Penalties For Cybercriminals
Cybercriminals target small companies because they know that they are going to be penalized. The owners of small companies who encounter cyber attacks often lack the knowledge to track down the criminals. This shows that attacks are carried out in the absence of persecution. These organizations are left powerless, as they do not report cybercrimes to the concerned authorities. It has been claimed that just 10% of small businesses report cybercrimes.
Investment In Security
You must not allow poor cyber security to come in the way of your success. There are numerous techniques you can implement to protect yourself against possible attackers. You must take cyber security seriously and invest in the best tools to help small companies like yours. It is the primary step in attaining the valuable protection you require.
How To Protect Your Small Business From Cyber Attacks?
Real-Time Protection: Security software constantly observes your systems for threats. It leads to blocking malicious activities prior to incurring any sort of damage.
Data Encryption: It safeguards sensitive data with encryption. This ensures that the information is unreadable by attackers even if it is stolen.
Proper Employee Training: Few of the security software solutions entail training modules. This assists your employees create a formidable defense line against cyber threats.
Peace of Mind: Knowledge that your company is protected can eliminate stress. This permits to focus on innovation and growth.
Frequently Asked Questions (FAQs)
Why do hackers target small companies?
Hackers target small companies for financial gain or data theft.
Why SMBs are the target of hackers?
Hackers target SMBs because small businesses have scarce resources to counter cyber attacks.
How to protect your small business from cyber-attacks?
· Employee training
· Data encryption
· Real-time protection
Who are the most common targets of cyber attacks?
· Government
· Enterprises
· Small businesses
Diginatives specializes in offering tailored cybersecurity solutions as per the unique requirements of small businesses.
