Most of the SMB owners and managers consider that cybercriminals are not interested in Small Medium Businesses because these businesses do not have a lot to offer to hackers. Unfortunately, this one is a myth about Cyber Security: it is not true and statics shows this.
According to “Cybercrime and Canadian businesses -2017”, a report published in October 2018 https://www150.statcan.gc.ca/n1/en/pub/11-627-m/11-627-m2018026-eng.pdf?st=cJSkoTKj by the national statistical office, Statics Canada, 19% of Small Businesses (10-49 employees) were attacked by cyber crimes leading to an impact of 22 hours downtime in average in the analyzed year, the data indicated. Going further to Medium Businesses (50-249 employees) the study reveals that 28% of these companies were impacted with an average downtime of 24 hours. In total one out of five small businesses and one out of 3 medium businesses were impacted by attacks. You are never too small neither unimportant for being a target.
The above data translates into big losses for any hit SMB. These losses are either financial, meaning tens or hundreds of thousands of dollars, or even worse, reputational, threatening the good name and standing of your company. In the competitive world we all live in, our customers’ perception on our business is what makes the difference between a successful and a struggling company. The mentioned impact, caused by IT security breaches, can damage a business prestige for good.
Small and medium businesses think they don’t have anything of value to cybercriminals. It is not how valuable is what you have to a hacker, but how valuable is to yourself. In most of the cases cyberattacks are about something that is of great value for you only. This is why, no matter how big or small, a company must have in place IT security solutions and policies. Also, it is important to customize these solutions and policies to their needs and adapt them constantly. Continuous improvement is the key to good cyber defense.
At Roca Networks, we are specialists in Cyber Security solutions for SMB and we are proud to say we can tailor a security solution specific to each business need. If you need further details please contact us at firstname.lastname@example.org or leave your data in our contact form – https://www.rocanetworks.com/contact-us.