by | 17 Aug 2016

60% of hacked SMBs are forced to go out of business

Small to medium businesses are increasingly becoming targets for hackers, and it is driving many of them out of business. According to the National Cyber Security Alliance, one in five small businesses falls victim to cybercrime each year. And of those, some 60 percent go out of business within six months after an attack. What is the reality behind these numbers?

Hackers are not going only after big companies

While most small businesses understand the need for a comprehensive cybersecurity solution, many still believe hackers are only interested in going after big companies, and therefore may not take all the precautions that they should.

A breach or attack can result in a significant loss of income, particularly if the SMB involved lacks cyber liability insurance. If news of the breach goes viral, the damage to the business’s brand may be catastrofic.

And just because a company is small, that doesn’t mean it can not lead to a huge pay-off for attackers. Often, a breach against a small fish can yield useful data for attackers seeking to target bigger fish. A series of easy attacks against vulnerable small businesses can ultimately enable hackers to orchestrate a much bigger attack elsewhere.

Small-business owners do need to be smart, and that starts with understanding that the security landscape has changed. Small companies can no longer rely on security through obscurity, because automated hacking tools from all over the world are constantly scouring the Internet for vulnerable machines.

Be careful on automated attacks focused on discovering vulnerabilities

Leaving your business data exposed to cyber attacks is simply too great a risk to ignore. Attackers don’t generally discriminate by company type, valuation, or any other characteristic of the business itself. Instead, they look for one thing: vulnerability. Do not assume hackers would need to pick your business out of million others, not realizing that the attacks are automated and focused on discovering vulnerabilities.

The good news? The movement to cloud-based security-as-a-service can improve user experience, reduce complexity and enhance security. Today’s cloud-based IT security solutions are perfect for SMBs because they’re easy to install, configure and manage, and should provide automatic, real-time protection from most threats.

Take advantage of a 30 day free trial to test OZON cloud-based cybersecurity solution, dedicated to protect sites of eCommerce SMBs. So, what are you waiting for? Try it now!