If you run a small business, do you consider yourself a small target of hacking attacks? It might make sense to think of it in this way, but not advisable. According to a recent survey by CNBC and SurveyMonkey, only 2% of small businesses see cyber-attacks as anything worth worrying about.
The survey results found that despite cyber attacks being at the forefront of most news cycles, most small businesses of under 250 employees have greater worries than the security of their data infrastructure. Most seem to think that they aren’t a big enough target for hackers to go after, while others have more pressing concerns.
The financial cost of security
The reasoning for this change in mindset is simple: limited budgets. Large corporations might be able to spend ample amounts of funds on the latest and greatest security expenditures, but small businesses have less financial leeway, which keeps them from investing capital into something as necessary as data security. This is precisely the reason why hackers prefer to go after a small business rather than a large organisation. There aren’t powerful security measures put in place to secure data; therefore, hackers don’t have to work as hard to obtain similar results.
SMB’s are easy targets
For more reasoning, consider the following scenario. Let’s say that you’re a hacker and you are deciding who your next target should be. You consider a big business with a 25% success rate. That’s not a very solid rate of success, even if hacking into a larger organisation would provide you with a larger return. Now, what if you went after a small organisation with about a 90% success rate? Eventually, it becomes more reliable to go after many small organisations rather than one large company.
According to CNBC, half of the 28 million small businesses in the United States have been breached at least once in their lifecycle. What a hacker is looking for in a small business can vary, but it almost always includes some sort of personal information or sensitive data. Retail organisations can often become subject to malware which is designed to harvest credentials, like credit card numbers or PINs, while healthcare organisations might be the perfect fit for hackers hoping to steal sensitive personal records.
Ultimately, it doesn’t matter what your small business does, you’re at risk whether you choose to believe it or not. Even if your organisation doesn’t hold important information that might be valuable to hackers, your infrastructure could be infected with malware and become complicit with a hacker’s commands. Therefore, you have a responsibility as a small business owner to make sure that you’re protecting your business’ technology–even if it’s just to ensure that a hacker can’t turn it against you and use it on other small organisations like yours.
Speak to Atech today to ensure your business data is protected.