Just because you’re not a large enterprise or a household name, that doesn’t mean your business can blithely ignore security breaches. Indeed, it might surprise you to discover that the truth is actually quite the opposite: smaller businesses are the most likely to be vulnerable. Even worse, attackers know it.
A 2021 cybersecurity breaches survey found that only 31 percent of businesses surveyed had cybersecurity-related continuity plans and less than 15 percent had carried out a cybersecurity vulnerability audit, and I can assure you that businesses at the smaller end of the scale are most likely to be unprepared.
It’s understandable. Small businesses “have less time and fewer resources to focus on cyber security, which often takes a back seat to sales-related activity,” Hemant Kumar, CEO and co-founder at Enpass, told us. Yet they also “often have larger companies as customers, making the potential gain greater and the consequences of a breach more severe”.
It’s not all that surprising that cyber takes a back seat when you consider solutions are often seen as “expensive and overcomplicated” according to Pete Bowers, COO at NormCyber. “But while
