There are bigger, better, and more obvious targets for cybercriminals than your small business, right? This is a very common misconception—SMBs are not as invisible as they think. Attackers actually look for resource-constrained companies precisely because they’re perceived to lack security expertise and investment in network defense.
You’re not too small for a cyber-attack, you are too small to make the news. If you’re an SMB owner, it’s time to consider the possibility that your business needs small business cybersecurity solutions.
Still Don’t Believe It? Take a Look at the Stats
The data doesn’t lie—small businesses are prime targets for cybercriminals. Here’s a look at the results from recent reports:
- Small and medium-sized businesses are the target of approximately 43% of cyber-attacks.
- 83% of small and mid-sized businesses lack the resources to recover from the financial impact of a cyber-attack.
- Cyber-attacks targeting small businesses have risen by 28% since 2022.
Why Are Small Businesses Targeted?
Once you understand the statistics and facts surrounding small business cyber-attacks, it begs the question: why are small businesses targeted in the first place? Let’s dive a little deeper.
1. Lack of Security Measures
Almost 60% of SMBs fail to implement security awareness training, despite it being one of the most effective ways to reduce risks.
Many business owners believe their company is invisible to cybercriminals, so they don’t prioritize investing in small business cybersecurity solutions. However, the only thing worse than no security is having a false sense of security.
2. Limited Resources & Expert Knowledge
Small businesses often have limited resources and budgets compared to larger corporations. You might not have the financial capability to invest in advanced security tools, small business cybersecurity solutions, or a dedicated IT team. Without proper knowledge, you can’t exactly build a cybersecurity roadmap.
3. Low-Risk, High-Reward
Cybercriminals target small businesses because they are viewed as easy and vulnerable targets. They might not have the same level of security measures in place compared to larger corporations, making it easier for cybercriminals to exploit vulnerabilities. Small businesses are also seen as potential high-reward targets that are more likely to pay large ransom demands.
Start Preparing With Small Business Cybersecurity Solutions
It’s time to step up your game and protect your small business from cyber threats. The best thing to start with is an extensive cybersecurity risk assessment that gives you every detail of your current security posture so you know exactly where your business stands in terms of cybersecurity.
iTology wants to help. Our risk assessment reports are performed using cutting-edge tools and techniques to assess your networks, systems, applications, and data. We’ll cover the following:
- Where your biggest vulnerabilities lie
- Which hardware may be easily intercepted
- What you’re most susceptible to (phishing, ransomware, etc)
- And so much more!
Partner with iTology to Protect Your Business
Risk assessments aren’t our only specialty—iTology also offers comprehensive small business cybersecurity solutions tailored to fit your specific needs. From firewalls and intrusion detection systems to employee training and security awareness programs, we have everything you need to safeguard your business against potential cyber-attacks. Invest in your protection and schedule a risk assessment today!
