In recent years, smaller businesses have become the focal point of hackers' interests. In fact, just last year it was reported that 43% of worldwide cyber attacks were against small businesses with less than 250 employees. These attacks usually involve hack attacks, ransomware, denial of service attack, or CEO fraud.
With fewer day-to-day operations and smaller pay offs than larger corporations, why would these bullies waste their time attacking here? Many cyber criminals are centering their attacks based on a business’s valuable data, not necessarily the size or amount of profits the company has. They also look at larger enterprises as being better defended, thus harder to hack. In short, they target SMBs because they are easy, more attractive targets.
Let’s review 5 reasons why criminals are attracted to attacking small to midsize businesses.
Cyber attacks are an automated process, meaning that although some businesses aren’t worth millions, these criminals have the ability to attack hundreds, thousands, and even millions at a time.
While many of these threats are detected and shut down immediately, businesses with less effective security systems often fall victim to these attacks. This means smaller business, generally with lower amounts of security, are more vulnerable.
2. Lack of funds and knowledge to improve security
3. Lack of an IT Security Specialist
4. Mobile devices
5. Lack of awareness and employee training