6 Reasons Why Cyber Security Should Be Higher on SMBs Priority List

For years now we’ve been documenting the trends that indicate that SMBs (Small and Medium Sized Businesses) are increasingly being targeted by cybercriminals and hackers. So, it was heartening to see the mainstream small business magazine, Entrepreneur, ran an article this week that draws attention to the SMB security issue. In his article, contributing author Toby Nwazor highlights 6 reasons why small businesses are more likely to be targeted by cybercriminals than they think.

1. Hackers expect your business to be minimally protected

Let’s face it. As a small business you have dozens of other resource priorities such as hiring and retaining talent, marketing, sales and fulfillment that come before network and information security on your list of things that need to get done. Cybercriminals are savvy folks and they understand this and this unfortunately just might land your business in their cross-hairs.

2. Your business is valuable to them for different reasons

Cybercriminals have a different set of metrics when it comes to business valuation and it doesn’t have anything to do with cash flow, revenue or balance sheets! Their value your business based upon the data you have in your systems (think credit card data, personal identification data and trade secrets) or the data your system can give them access to.

3. You have probably left some doors open and the lights on

When you started your business you filed papers, opened accounts and signed up for services. This has compiled a digital “We’re New and You Should Stop By” sign for your company out there in cyberspace. If your sign has the right combination of factors you may have unwittingly attracted the attention of some cyber unsavories.

4. You may be viewed as a way to land bigger fish

As mentioned in 2 above, sometimes it is not your business at all that the hackers are after but rather who your business is connected to. The epic Target breach began with a vulnerability in much smaller HVAC contractor’s system.

5. Your most basic network functionality may not be secure

Your office wi-fi, if protected, may still be vulnerable to professional hackers and every time you or your employee does work from an unsecured public connection you are potentially putting your business at risk.

6. Recent statistics don’t favor you in the slightest.

A quick glance from this table extracted from the Verizon 2015 Data Breach Investigation report shows that small businesses are sometimes even more likely than large businesses to be hacked.

Source: Verizon 2015 Data Breach Investigation Report

And, when you look at the percentage of confirmed data loss, the figures get even more depressing!

Konsultek Can Help!

At Konsultek we work with Small and Medium Sized Businesses every day to develop security solutions that are customized to each business’ unique situation. In some cases our managed security services offer a cost effective way for a smaller business to get the same level of security as some of the largest organizations in the world. So, what are you waiting for? It’s time to move security a little higher on your “to do” list and give us a call!

 

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