The biggest cyber security threats that small businesses face, and how you can protect yourself against them.

We found this article recently and we would like to highlight some key facts reported.

Small Businesses are just as at risk from cyber security threats as large enterprises. A common misconception for small businesses is an idea of security through obscurity, that your business is too small to be a target, but unfortunately, this is not the case.

This is very true in particular for what is defined the baseline of malware activity which does not distinguish victims by their revenue.

A recent report revealed that businesses with less than 500 employees lose on average $2.5 million per attack. Losing this amount of money in a cyber breach is devastating to small businesses, and that’s not to mention the reputational damage that comes from being hit by a cyber-attack.

This is obviously a fairly large sample pool with a large variability within the sample. What is surprising is that most companies does not realize the potential loss until a cyber attack puts them under stress.

The top 5 security threats facing businesses are:

  • Phishing
  • Malware Attacks
  • Ransomware
  • Weak Passwords
  • Insider Threats