Considering that the beginning of the COVID-19 pandemic, tiny enterprises have speedily adopted distant performing and transitioned to new systems, this kind of as contactless payments and on-line buying. Sadly, these changes have arrive with enhanced pitfalls. In accordance to a 2022 report from Barracuda, a cloud and networks stability corporation, smaller companies with much less than 100 personnel receive 350% a lot more social engineering assaults — like phishing, scamming or e mail compromise — than more substantial enterprises.
In contrast with larger sized providers, many modest firms have much less resources to devote to cybersecurity, leaving them vulnerable to the ever-evolving methods of cybercriminals. And working with the repercussions of a cyberattack can be very seriously harmful to a business’s bottom line, costing roughly $25,000 for every yr.