- December 17, 2021
- Posted by: Stratford Team
- Category: Business
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Over the past year, small businesses have had to navigate the pandemic’s many challenges—from changes in business models and supply shortages to hiring and retaining employees. On top of these pandemic-driven challenges, SMBs also faced a growing business risk: cybersecurity incidents.
Cybercriminals often target SMBs due to the limited security resources and training that leave these businesses vulnerable. According to a study, Verizon found 61% of all SMBs reported at least one cyberattack during 2020, with 93% of small business attacks focused on monetary gain. Unfortunately, this leaves many SMBs forced to close after an incident due to the high costs incurred during a cyberattack.
Cybersecurity is no longer just “nice to have” for SMBs, but many business owners…
