Is Your Business Too Small For Cybercrime?

There’s a fundamental problem with cybercrime new coverage – do you know what it is? It’s really a core problem with news in general, that the bigger the news is the higher the profile it gets. The more time news agencies will spend on it.

That’s why the cybercrime stores you’ll hear about are usually involving fortune 500, massive enterprises:

  • The Capital One breach that compromised the personal information 100 million Americans and up to 6 million Canadians
  • The DoorDash hack that leaked the data of up to 5 million customers, drivers, and merchants involved with the organization
  • The Target hack of 2013, when hackers gained access to their network through the corporation’s HVAC vendor Fazio, who had been given external access for business purposes

This is major news, showing how even the biggest targets can be penetrated by a well-aimed cyber weapon – a good thing right? Yes and no; the issue is that when all the cybercrime news is focused on big fish, you start to assume that small businesses aren’t at risk.

Think You’re Too Small To Be A Target?

The news may lead you to believe so, but it’s simply not an accurate representation of the cybercrime industry.

The truth? In almost half of all the cyber breaches that have occurred in recent years, a small business was the target. As reported in Verizon’s Data Breach Report and Forbes

  • 58% of all breaches in 2018 involved small businesses.
  • 43% of all breaches involved small businesses in 2019.
  • Ransomware attacks are still going strong, accounting for 24% of the malware incidents analyzed and is the #2 most-used malware type.

What Makes You Such A Perfect Target?

The primary lesson here is that if a business as big as CapitalOne, DoorDash or Target can be made into a victim by cybercriminals, so can you. You have to assume your defenses could be penetrated – what will you do if it happens? Do you have contingencies in place to protect you in the event of an attack?

What Can You Do To Protect Your Small Business?

Invest in a little expert protection – SMB Integrations. We can put our big business cybersecurity expertise to work for you, implementing best practices, identifying vulnerabilities, and protecting you against the more common and dangerous cybercrime scams.

Like this article? Check out the following blogs to learn more:

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