7 Reasons Why SMBs Need to Get Strategic About Cybersecurity

Small and medium-sized businesses (SMBs) need a well-defined plan against cyber threats to protect their valuable data and assets. A comprehensive and well-rounded plan can help SMBs mitigate the risks posed by cyber threats, reduce the impact of a successful attack, and ensure that their business can continue to operate in the event of a cyber incident. Having a plan can also help SMBs build resilience against future threats and create a culture of cybersecurity within the organization. 

A significant body of data and research supports that SMBs are more vulnerable to cyber-attacks than larger organizations. For example, the Verizon Data Breach Investigations Report (DBIR) consistently shows that SMBs are more likely to suffer from data breaches than larger organizations.  

  1. Limited resources: SMBs often have limited resources for cybersecurity, including budget, technology, and personnel, making it more difficult to defend against cyberattacks effectively.  
  2. Lack of awareness: Lack of understanding about the importance of cybersecurity and the risks posed by cyber threats, leading to insufficient investment in security measures.  
  3. Complexity of security measures: Cybersecurity measures can be complex and challenging to understand. SMBs may need added expertise to implement and maintain these measures properly.  
  4. More attractive targets: SMBs often have valuable data but weaker security, making them an attractive target for cybercriminals.  
  5. Perception of risk: Companies may have a skewed perception of the risks posed by different cyber threats based on media coverage or the perceived likelihood of an attack. This skewed perception can lead SMBs to overprepare for high-profile threats while ignoring more common but equally damaging threats, like phishing.  
  6. Dependence on technology: SMBs increasingly rely on technology, which increases their exposure to cyber threats and the consequences of a successful attack.   
  7. Focus on compliance: Companies may emphasize meeting regulatory requirements and industry standards more than focusing on the most pressing cyber threats, contributing to overpreparing for issues unlikely to impact the organization significantly.  

SMBs face a unique set of challenges in protecting themselves against cyberattacks. As a result, they are often more vulnerable to these types of threats.  

A comprehensive and well-rounded understanding of the cyber threats they face and to allocate their resources appropriately to address the most pressing and immediate risks; can help ensure that the company is well-protected against a range of cyber threats and that resources are not wasted on overpreparing for less likely threats.

We’re big fans of WFH at Framework IT, and recognize the many advantages it can present to your business and your employees. Our team of cybersecurity experts can help ensure your company’s remote technology is safe from attack. Get in touch with an expert for additional support in implementing enhanced cybersecurity for your business.