SMB Attacks = Easy Money

Ashley Garner
May 12, 2021

It’s a common misconception that small to medium businesses (SMBs) have a lowered risk of being targets for a cyberattack. In fact, it’s quite the opposite. Since higher profile breaches get more media coverage, it may appear that hackers are only interested in large corporations that have tons of data, but the reality is that attackers are targeting small businesses. A2019 report from 1Q4 showed a 424% increasein small business attacks from the previous year. And if you haven’t seen this harrowing stat yet, here it is:60% of SMBs fold within 6 months of a cyberattack.

The reasons you think hackers wouldn’t attack you are the same reasons why they do. You may think – ‘I don’t need to worry about investing heavily in cybersecurity, my business is too small for hackers to care about.’ And that is exactly what makes you an easy target.

BullGuard CEO Paul Lipman said: “Small businesses are not immune to cyberattacks anddata breaches and are often targetedspecifically because they often fail to prioritize security.”

BullGuard also discovered that 43% of SMB owners have no cybersecurity defense plan in place at all. Regardless of size, SMBs have sensitive data. And sensitive data garners a payout. Easy money for hackers.

You may not be aware, but your business is being attacked daily. If you have a network, you are a target. It’s highly critical to have a defense plan in place. Don’t let your next business expense be towards cleaning up a breach. Because it might be your last.

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