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Stephen Cobb, a senior security researcher at antivirus software company ESET, said that SMBs fall into hackers' cybersecurity sweet spot since they "have more digital assets to target than an individual consumer has but less security than a larger enterprise."Ĭouple that with the costs associated with implementing proper defenses, and you have a situation that's primed for intrusions. They believe that, researchers said, because they feel they "don't have anything worth stealing."
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National Cyber Security Alliance estimated that 60% of all SMBs fail within six months of a cyberattack.Īccording to Towergate Insurance, SMBs often underestimate their risk level, with 82% of SMB owners saying they're not targets for attacks. Unless they focus on shoring up their defenses, they may inadvertently end up leaving points of entry wide open for hackers. When it comes to starting a small business, new owners have many decisions to make and often leave cybersecurity measures by the wayside. Why cyberhackers go after small businesses
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To help you avoid the mistakes of Target and, more than 20 government agencies, we've compiled info on why your SMB could be at risk and how to avoid a similar fate. You may not know when the next attack could occur, but taking proper precautions can hamper or completely stymie a hacker's attempt at gaining access to your network. According to Verizon's Data Breach Investigations Report, 43% of breaches impacted SMBs. While each corporate cyberattack resulted in millions of dollars in damages, most stories fail to mention the many data breaches that affect much softer targets: small businesses. In recent years, headlines have spotlighted crippling cyberattacks against major corporations. And just as ancient merchants were sometimes beset by bandits on the actual Silk Road, today's entrepreneurs can easily find themselves under attack from cyber malcontents working to derail companies through theft and disruption. As such, the internet has become a digital Silk Road that facilitates nearly every facet of modern life. There are countless types of attacks, but distributed denial of service (DDoS) and man-in-the-middle (MitM) attacks are among the most common.Įach second, more than 77 terabytes of internet traffic takes place online.Strong passwords, up-to-date antivirus software and implementing best practices are just a few tactics you should employ as part of an overall cybersecurity solution.
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61% of data breaches directly affect small businesses.