Due to the rapid pace technology is developing, all businesses are going through digital transformation. Depending on the type of business, some have already gone through it and some (to not say all of them) are not able to start functioning as a business without incorporating technology within their systems. The threat from cybercrime is pervasive throughout the world. Small to midsize businesses are even more at risk of cybercrime due to lack of proper cybersecurity programs.
Cybercrime has become a very large economy in the world market, which in monetary gains could be considered to be third in line, right after the economy of countries like the US and China. Cybercrime is developing more and more as other technologies are developing and it’s definitely entered a new era.
Cybercrime has become a very large economy in the world market, which in monetary gains could be considered to be third in line, right after the economy of countries like the US and China. Cybercrime is developing more and more as other technologies are developing and it’s definitely entered a new era. Small to midsize businesses, as mentioned above, are great targets for cybersecurity attacks due to either having a very weak cybersecurity infrastructure or lacking one completely. On top of lack of security, cyberattackers have a common opinion that midsize businesses do little to nothing to strengthen their cybersecurity, which makes them an appealing target. Unfortunately, with the cybersecurity threats evolving, most small businesses are vulnerable to cyberattacks, as they feel they can’t afford professional IT help or lack the time to devote solely to cybersecurity (US Small Business Administration survey). A common misconception between owners of small to midsize business owners is that they think due to the fact that their business is smaller, they are not susceptible to cybercrime attacks. This opinion also can lead to making businesses more vulnerable to attacks. As a small to midsize business owner you can work on certain strategies that will not necessarily cost a big amount of money or take too much time. Adding small things in the daily work routines will go a long way.