When you hear about data breaches, the news often highlights large companies with massive amounts of customer data or financial records. But what about the countless small and medium-sized businesses (SMBs) that face similar threats every day? You might think that your business is less likely to be targeted by cybercriminals, but the reality is quite different. SMBs are often seen as easy targets due to limited resources and smaller security teams.
These statistics highlight the urgent need for SMBs to prioritise cybersecurity. Ignoring these threats could mean devastating consequences for your business. Despite this, many smaller businesses can be just as secure as larger ones by understanding the risks and taking proactive measures.
It’s not just payment data that attackers are after anymore. Cybercriminals are expanding their reach, targeting a range of data types that can disrupt your operations, harm your reputation, and result in significant financial losses. Consider the following:
Information like names, addresses, and social security numbers are prime targets for identity theft.
Proprietary business information, strategic plans, and intellectual property are lucrative targets for competitors and state-sponsored actors.
Health data is extremely sensitive that can be sold on the black market and can be used for insurance fraud.
Information about your business operations that can be leveraged in ransomware attacks and used to disrupt business processes.
Hackers can exploit confidential communications for blackmail or public exposure.
Unfortunately, many SMBs believe they are too small to be targeted. This mindset can lead to inadequate security measures, leaving businesses exposed. And this is the perfect invitation for cybercriminals to cause havoc. They know that smaller businesses often lack the robust defences of larger enterprises, making them easier to breach and the rise of Ransomware-as-a-Service (RaaS) is a testament to this.
The truth is that cybercriminals are getting more sophisticated, and the tools they use to exploit vulnerabilities are becoming more accessible. No business is too small or large to escape their threat.
It’s time to take control of your business’s future. Understanding the risks is only the first step towards better cybersecurity; the next is taking action. Comprehensive cybersecurity measures are no longer a luxury; they are crucial if you don’t want your business to become another statistic.
The good news is that top-tier security is not out of reach. Exigo Tech has partnered with Microsoft and eSentire to bring you an enterprise-level security solution with zero upfront cost.
Our Managed Security as a Service (MSaaS) offering combines innovative technology with expert support, ensuring that your business is protected from evolving threats without the complexity and cost of managing it on your own.
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