You’ve probably read about the frequent and high-profile data breaches of enterprise companies and large government agencies. But does the relative lack of news coverage involving small and medium-sized businesses (SMBs) mean that, for them, the cybersecurity risk is much smaller? Many business owners believe that their companies don’t provide valuable-enough targets for cybercriminals because they don’t have thousands of employees or millions of customers. They may be lulled into thinking that even if they do experience a cyberattack, it won’t be severe enough to halt operations or impact profitability. The reality, however, is quite the opposite. SMBs have information and credentials that areindeed valuable for cybercriminals, including: employee and customer records, access to business financial information including bank accounts, and access to larger companies and their networks through the supply chain. In fact, if you look at the figures below, you will see that SMBs are prime targets for cyber criminals.
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