Cybersecurity is not just a “big business” concern any longer. With the advancement of technology, small to medium-sized businesses (SMBs) are now part of the target radar for cybercriminals too. This evolution can be attributed to the development of advanced breach techniques and the rise of AI technology. This shift led to the rise of startups like Coro, which are concocting tools to meet the cybersecurity demands of the SMB sector. Here are five reasons why SMBs need to brace up and be more proactive about their cybersecurity.
1. The Democratisation of Cyber Attacks
Long gone are the days where cyberattacks were only directed at large businesses. Today, with techno-savvy criminals exploiting more sophisticated breach techniques, every business, irrespective of its size, is a potential target. If you’re an SMB owner, it’s time to brush up your knowledge on cybersecurity and take the necessary precautions.
2. The Rise of AI in Cybercrime
Artificial Intelligence isn’t just transforming how businesses operate — it’s also empowering cybercriminals. With AI technology, these techno-rogues can conduct more in-depth and complex attacks, leaving smaller businesses particularly vulnerable.
3. The Emergence of Ready-Made Solutions
Startups like Coro are aware of these evolving threats and they’re creating solutions specifically designed for SMBs. Investing in these made-to-measure cybersecurity tools can provide your business with the right shield it needs to fend off the cyber menace.
4. The Reality of Limited Internal Resources
Most SMBs cannot afford a dedicated IT team, let alone a cybersecurity team. This puts them at a disadvantage, leaving them open to attacks. The good news is that these new protective measures and technologies require less technical know-how from the business owner’s side, making cybersecurity feasible even for more resource-constrained organizations.
5. The Long-term Financial Ramifications
A breach can take a great toll on any business, but most especially on an SMB with less financial stability. Investing in cybersecurity might seem like an expensive outlay until you compare it with the cost of a significant breach which could disrupt operations and damage your reputation long-term.
Cybersecurity is no longer just an add-on, but an essential part of business operations. For SMBs, the stakes are high. Being proactive, keeping up-to-date with technological advancements, and investing in cybersecurity can help prevent potentially disrupting and damaging cyber-attacks. Let’s make the tech world a safer place, one SMB at a time.
Credit: BBC. TechCrunch, Reuters
