Why small businesses are at a higher risk of falling victim to cyberattacks

27 Dec 2022


Small businesses are at a higher risk of falling victim to cyberattacks for several reasons. For one, they may not have the same level of security as larger businesses. They may also be less prepared to deal with the aftermath of an attack, and they may not have the same resources to devote to cybersecurity.

Small businesses are also a more appealing target for hackers. They may be less likely to detect an attack, and they may be less likely to have the funds to recover from a cyberattack. Additionally, small businesses are often seen as an easier target than larger businesses, and hackers may be more likely to succeed in stealing information or causing damage.

Despite the importance of cybersecurity for businesses, small companies often prioritize their spending elsewhere due to tight budgets. This leaves them open and vulnerable to cyber-attacks from malicious hackers who see these organizations as easier targets than larger enterprises with more heavily fortified security systems. Although one antivirus program may seem like it is enough protection, it requires additional layers to ensure adequate online safety against potential threats.

Every small business is a potential target for cyber-criminals, as each possesses valuable resources that hackers could use to maximize their own gains. It’s important for businesses of all sizes to recognize this and protect themselves from malicious actors.

Businesses are all susceptible to cybercrime. Every business, regardless of size or scope, has resources worth stealing from hackers – customer records and employee details could be used in identity theft while emails and passwords might open access to bank accounts containing sensitive payment card data. To protect your assets from potential exploitation on the dark web, businesses must stay vigilant against malicious actors looking for an opportunity.

Cybercriminals have identified an opportunity for larger rewards by taking advantage of a two-pronged approach. By hacking into the network of small businesses, hackers can not only access data exclusive to these companies but may also be able to exploit their connected relationships with other organizations and gain entry into those systems as well.

This represents a preparedness challenge for business owners who need to ensure that they are providing adequate protection against dual threats in order both defend internal resources and uphold vendor commitments when supplying services on behalf of clients.

Recent reports show that ransomware attacks have been on the rise, with over 71% of organizations experiencing a breach this year alone. Moreover, 63% of affected companies choose to pay attackers in order to receive an encryption key and regain access to their data.

Unfortunately for smaller businesses, cybercriminals often find them easier targets due to lower security measures; paying fees only encourages further malicious activity from those new or inexperienced within the field. To protect themselves against such threats effectively small business owners must be prepared and knowledgeable about cybersecurity best practices so as not to fall, victim, to themselves.

Despite their immense importance, ongoing cybersecurity training for employees is typically not among the highest priorities of small-scale businesses. This lack of awareness and preparation leaves corporate networks vulnerable to one major danger – human error.

Phishing emails are commonly used by hackers seeking assistance from users in order to launch cyberattacks. As a result, over 80% of data breaches stem from phishing incidents alone. Therefore, it’s essential that organizations dedicate time and resources to educating personnel on proper security protocols such as how to spot potential threats or password best practices.

Keep your small business safely guarded against cyber threats without breaking the bank! Our experienced team can provide an array of IT security services to ensure maximum protection. Get in touch today to set up a consultation and explore our cost-effective options.


Swift Chip provides managed IT and cybersecurity services for a wide variety of companies in fields with stringent privacy and compliance requirements.

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