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How Small Businesses Can Prevent a Cyberattack
Whether you’ aim to enhance the protection of your critical data & operations, or you want to improve your business’ threat responsiveness to threats like cyberattacks, now is the time.
We provide professional services and technologies that enable enterprises to secure their critical systems and make them available, recoverable and reliable.
Risk is High for small businesses
A common misconception for small businesses is an idea of security through obscurity, that your business is too small to be a target, but unfortunately, this is not the case.
As attackers increasingly automate attacks, it’s easy for them to target hundreds, if not thousands of small businesses at once.
- Small business often has less stringent technological defences, less awareness of threats and less time and resources to put into cybersecurity. This makes them an easier target for hackers than bigger organisations.
- It is difficult for small businesses to deal with cyber risk.
- Lack of training and workforce sanitization towards cybersecurity best practices
Covid-19 has forwarded digitalisation by 5 years
The pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years. This has lead to fast digitalisation of small businesses and many teams working remotely.
In just a few months’ time, the COVID-19 crisis has brought about years of change in the way companies in all sectors and regions do business. According to a 2020 McKinsey Global Survey of executives, companies have accelerated the digitization of their customers and supply-chain interactions and of their internal operations by three to four years. And the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years
Small Business can go out of business
According to the National Cyber Security Alliance, the majority of all cyberattacks happen to small to midsized businesses, and they found that up to 60% of them go out of business within six months after the ransomware attack.
The rate at which cyber attacks against small businesses grew last year is a staggering 424%. This means that small business cyber breaches grew more than 5 times in 2020 when compared to the previous year. It seems that cyber criminals are targeting small businesses in hoards. It’s easy to intuitively assume that cyber criminals would target larger businesses—more customer data and revenues equals more money, right? Unfortunately, this doesn’t seem to be the case.