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Navigating Cybersecurity Challenges: Threats Faced by SMBs

10th September, 2023

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Cybersecurity is paramount for small businesses; it doesn't have to break the bank. According to Verizon's Data Breach Investigations Report, 43% of reported data breaches targeted small businesses. Even more concerning, the U.S. National Cyber Security Alliance suggests that a staggering 60% of all SMBs are compelled to cease operations following a cyber attack.

As a proprietor of a small-to-medium business, your security requirements are substantial, and they shouldn't be constrained by expensive and intricate cybersecurity solutions that burden you with additional monthly expenses. Within this guide, I'll emphasize the significance of cybersecurity for small businesses and unveil the key measures you can adopt to enhance your data loss prevention strategy within a reasonable budget.

Why do Hackers Target Small Businesses?

The motivations driving cybercriminals to target small and medium-sized businesses (SMBs) are diverse. Grasping these incentives is essential to understanding why hackers find SMBs alluring targets.

Here are vital factors to consider: