As cybercrime around the world continues to dominate the news, it becomes increasingly necessary for business owners to evaluate their own data security measures. Although newsworthy cyberattacks tend to focus on big corporations or large-scale attacks, small- and medium-sized businesses (SMBs) are not immune from malicious attacks. In fact, SMBs are frequently targeted by hackers as easy prey. Consider the following reasons why your SMB may be at risk.
Downplaying the Risk – SMBs—often under the false assumption that their company size alone makes them safe from attack—tend not to invest in data security measures. A study by Ponemon Institute found that 58 percent of SMB managers do not consider data breaches in company risk assessments. Moreover, according to the United Nations Office on Drugs and Crime, 65 percent of SMBs have no formal cybersecurity policy in place. This lack of awareness and preparation make SMBs low-hanging fruit for small-scale individual hackers and sophisticated cybercrime rings alike. (more…)Full Article More news