It cannot be denied
that Cybersecurity risks are
becoming more severe. With the U.S. being
the global leader in data breach costs, ‘achieving’ the highest data breach
cost ($9.48 million), it can make you wonder...how did we come to this?
Cyber
incidents can significantly influence business operations, especially with start-ups and small enterprises and that is because many of them believe they are just too insignificant to be targeted by cyber incidents.
Many fail to comprehend the severity until it's too late. The
reluctance to allocate time and resources to a cybersecurity plan stems from
various factors, including:
- A belief that they won't fall
victim to data breaches
- Limited budget allocation for
cybersecurity programs
- Reliance on outdated and
unsupported systems
- Challenges of using
software from outdated devices
All reasons why cybercriminals find it easy to exploit small
businesses.
Having a lack of cybersecurity training
within small businesses makes employees susceptible to social engineering
scams, malicious threats, or inadvertently sharing logins, sensitive data, and
other vital company and customer information.
Now is the time for small businesses to prioritize cybersecurity
and protect their operations, reputation, and financial stability in the face of
ever-evolving cyber threats!