SMBs must be serious about information security
Summary
Learn seriousness of information security and the impact of cyber attacks for small businesses.
Read time: 3 minutes
It seems that many small businesses have a “bigger fish to fry” mentality concerning information security. Small and midsize businesses (SMBs) tend to think they’re safe from data security threats because hackers and digital criminals surely must have more to gain from targeting large firms, financial institutions, and corporations. Unfortunately, they couldn’t be more wrong. In fact, small and midsize businesses are quickly becoming hackers’ favorite targets — precisely because SMBs believe they’re not in any danger.
SMBs unprepared for security breaches
In a way, small business is a misnomer. SMBs account for half of GDP in the US and nearly 60% of GDP in many European and Asian nations. And the customer information and financial data they possess, and process is just as vital and valuable as it is in any large organization. The customer that has their data exposed isn’t going to care how large the breached company was.
There is a combination here of wishful thinking and practical limitations. On the one hand, SMBs tell themselves a harmful breach won’t likely happen to them. On the other, even if they do respect the danger, they don’t have the resources to mount an adequate defense.
SMBs are facing the same cyber threats as large enterprises but have a fraction of the budget to deal with them. At a small company, IT duties might fall to someone whose primary role is something entirely different; that person ends up handling the company’s data security because, well, someone has to. Even when there is a dedicated IT staff, it can be just one or two people, charged with everything from fixing the faulty Wi-Fi to keeping all company software up to date to making strategic plans for the company’s data foundation, to ensuring data security.
And with a massive to-do list, defending against data-stealing and unseen criminals on the other side of the world may not seem like a top priority. Not to mention the skill set required – large companies have a difficult enough time finding and retaining top-notch data security resources, let alone an SMB. The writing is on the wall: If they rely on wishful thinking or meager protection, SMBs simply will remain unsecure and prime targets.
SMBs are not immune to data security threats.
Preparation is absolutely necessary. Our Digital Workplace Solutions keep your teams connected, productive and secure so you’re ready to thrive in today’s marketplace. Learn more about how we’re helping organizations adapt for today, while planning for tomorrow at RicohChangeMakers.ca.
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