Recently it has become common to read breaking news about a significant cybersecurity breach at a major corporation. These stories dominate the news and lead to the idea that cybersecurity should only be the concern of large corporations. This is untrue, as some 43% of data breaches impact SMBs, according to a recent report.
SMBs tend to be softer targets for hackers and threat agents because their cybersecurity systems are not as robust. As many as one in three SMBs have no recognisable cybersecurity system.
Here are some reasons why smart SMB owners need to take it more seriously:
1. SMBs face the same threats as big businesses
Threat actors are finding fewer reasons to concentrate their efforts on large businesses only. Where once it was thought that big corporations were the best targets for ransomware and other attacks, SMBs are being targeted in increasing numbers. Hackers realise that SMBs also have reputations to protect and they also have access to funds to pay cybercriminals if required.
2. Quality IT consulting services are now available to all
As the internet has changed the way the world works, it has also democratised previously niche services. IT consulting services were once primarily interested in the money available from big business. But as more tailored and affordable product offers open up, it is just as easy to get IT support in Cairo as it is IT support Los Angeles.
Besides these services, it is also a good idea for SMBs to be good at the basics of self-protection. These include updating software regularly, educating employees how to deal with threats, and implementing a crisis response plan. Other measures like multi-factor authentication and good online habits like strong password protection can go some way towards not leaving everything to a cybersecurity system.
3. IT breaches are expensive
The vast majority of malicious attacks

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