![]() Remediation costs come into play when hackers use the SMB as a backdoor into larger companies, their primary targets. ![]() According to, an average data breach will cost an SMB $120K, and that figure doesn’t even include the cost of breach recovery, which Kaspersky Lab Report reports as approximately $149K, or damage to the business’ reputation.Īnother potentially crushing cost to SMBs when they’ve been attacked is the cost of cyber attack remediation. Some SMBs might find the cost of cybersecurity prohibitive, but the cost of not having cybersecurity after they’ve been attacked can be devastating. targeted small-to-medium sized businesses. SMBs often lack a detailed strategy that specifies how they will respond to a cyber-attack a great deal of the damage caused by cyber-attacks is a result of failing to have detailed security countermeasures in place.Įven when an effort has been made to establish security countermeasures, the security infrastructure is often minimal, or the business relies on too many security vendors, which complicates the security infrastructure.įact: In 2018, 2 out of 3 all cybercrimes in the U.S. The staff at SMBS is often woefully unaware, uneducated, and untrained about cybersecurity, which decreases the SMB’s ability to effectively mitigate against cyber attacks. SMBs typically lack the budget necessary to implement a robust cybersecurity plan, so they are not well-equipped in terms of software, technology or personnel and therefore unprepared to defend themselves against cyber threats. Small and medium-sized businesses tend to think they’re unlikely to be a target or simply underestimate the impact that an attack can have on a business, causing them to forego implementation of security countermeasures. While the potential benefits of attacking a large business are considerably larger than the benefits that can be achieved by attacking SMBs, SMBs present a greater opportunity for success simply because they are easier to breach. ( 2018 Verizon Breach Data Investigations Report) Cybersecurity breaches only make the headlines when they involve large entities like banks or tech companies, but in actuality, small and medium-sized enterprises are at risk too, and sometimes the damage from these risks is fatal for the SMB.įact: 58% of the victims of cybersecurity breaches are categorized as small to medium size businesses.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |