By Gaven Chifodya
According to Cybersecurity Ventures, a cyber attack incident will occur every 11 seconds in 2021. There are a variety of reasons why SMEs are prime targets of cyber attacks:
- They underestimate threats: call it naïve, but many SMEs believe they do not warrant the attention of potential attackers. As such, few resources are invested in network security.
- Budget and Staff Limitations: smaller businesses generally have fewer resources both in terms of budget and IT staff. Many small companies do not have someone dedicated to IT issues. The top reasons why SMEs are vulnerable include budget constraints and the corresponding lack of investment in resources, which includes cybersecurity training.
- Poor Cyber Security Hygiene: the lack of investment in resources translates into a laxer environment regarding employee cyber security hygiene. Most employees still use easy-to-guess passwords for accessing company accounts, leaving themselves and the company open for attack. Many employees are not able to spot the danger signs in lurking phishing attacks posing as innocent emails.
- SMEs can be the entry points to larger organisations: cyber criminals are very shrewd. They understand the way businesses work and that by taking advantage of lax cybersecurity in smaller businesses, they can gain access to the systems of larger enterprises that partner with them. This makes the SMEs a lucrative backdoor target.
- The Dangers of BYOD (Bring Your Own Device): today, a large number, if not most employees, bring their own devices to the work environment. Doing so without IT supervision is a recipe for exposing company data to cyber criminals.
It is interesting to note that most of the reasons articulated above also apply even to large enterprises. Utande Internet Services can assist your business with affordable Cyber Security solutions, IT support and Cyber Security Awareness Training. Contact firstname.lastname@example.org for more information.