Considering the fact that the commencing of the COVID-19 pandemic, small companies have rapidly adopted remote working and transitioned to new technologies, these types of as contactless payments and online buying. Regrettably, these changes have occur with increased challenges. In accordance to a 2022 report from Barracuda, a cloud and networks protection company, small firms with much less than 100 staff members acquire 350% more social engineering attacks — like phishing, scamming or email compromise — than larger sized corporations.
In contrast with more substantial businesses, a lot of tiny enterprises have fewer resources to dedicate to cybersecurity, leaving them susceptible to the ever-evolving ways of cybercriminals. And working with the effects of a cyberattack can be critically harmful to a business’s base line, costing about $25,000 for every 12 months.