Cybercriminals are known for executing highly sophisticated attacks. However, it is often the lax cybersecurity practices that create the most vulnerabilities, especially within small and mid-sized businesses (SMBs). Small business owners often overlook the importance of cybersecurity measures, sometimes due to their intense focus on company growth. Some may believe they face a lower risk of data breaches, while others consider cybersecurity an expense they cannot afford.
Nonetheless, it is crucial to recognize that cybersecurity is not exclusive to large corporations; it is an equally vital concern for small businesses. Small businesses are often perceived as attractive targets for cybercriminals due to perceived vulnerabilities. Shockingly, 50% of SMBs have fallen victim to cyberattacks, and over 60% of them cease operations after such incidents.