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Cybersecurity challenges facing SMBs and steps to protect them
Businesses come in many different sizes, yet, they all share one similarity; the growing need for cybersecurity in today’s ever-changing technology landscape. While large companies with robust security infrastructure and experience may ward off many aspiring cybercriminals, small to medium-sized businesses (SMBs) prove to be ideal targets. Lacking experience, budget, and infrastructure, small businesses with less than 100 employees will experience 350% more social engineering attacks than larger enterprises.
SMBs focus heavily on avenues that generate revenue during their infancy, which can result in cybersecurity weaknesses, such as neglecting their network protection, and user awareness training. While these factors may not appear to be necessary at the start, 60% of small companies go out of business within six months of falling victim to a data breach or cyber-attack For an SMB to be successful in the long term, cybersecurity is a key element that cannot be overlooked. These organizations must take appropriate steps to protect their networks and their employees from threat actors looking for an easy target.