![]() ![]() In summary, SMBs are a top cybercrime target, and attacks can be costly. In 2020 alone, small businesses experienced a collective $2.8 billion in damages. In 2021, 61% of SMBs were the target of a cyberattack, and nearly 40% of small businesses reported they lost crucial data due to a cyberattack. Nearly half of all cyber breaches (46%) impact businesses with fewer than 1000 employees. Why security matters for SMBsĪ company’s size does not determine its likelihood of becoming a target of cybercriminals, so SMBs shouldn’t be lulled into a false sense of security when it comes to cybercrime. The right cyber technology can help SMBs tighten their security and, in turn, protect the business’s long-term financial health. In reality, SMBs are just as likely to be cybercrime targets, and the impact can be more significant to the company’s daily operations and bottom line.Īn SMB’s ability to deter, resolve, and recover from a cyber attack is a product of the steps taken (or not) to implement cybersecurity measures and a well-planned security strategy. But we often don’t hear about the everyday cyberattacks that devastate smaller companies. ![]() When those brands publicly disclose a data breach, the impact on millions of people instantly grabs headlines. We all know hackers target multinational companies and top enterprises. ![]()
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