February 17, 2022 | forbes.com
Cyber threats are notorious amongst billion-dollar companies, but they’re not alone. Small- and medium-sized businesses (SMBs) are also victims of the most common cyber threats—and in some cases, more commonly as SMBs tend to be more vulnerable with fewer security measures in place. In fact, last year, 1-in-5 breach victims were SMBs—with a medium-cost of losses at $21,659, according to the 2021 Verizon Data Breach Investigations Report.
While attacks may seemingly happen overnight, the majority take days, if not weeks or even months to be discovered. In return, highlighting one of the biggest challenges small businesses face when it comes to cybersecurity: awareness and available resources to defend against the threat actors. In order to overcome these challenges, the key is to know what you’re up against so we put together the top cyberthreats SMBs face. NJ SEED: Russia’s attack on Ukraine and the response from NATO countries has heightened the potential for Russian cyberattacks on US businesses. Small and medium size companies are most vulnerable. The Forbes article offers some suggestions for protection.