Cyber security needs for small and midsize businesses (SMBs) have never been more demanding. Threat actors continue to escalate their targets and increase their level of attack sophistication against them. Unfortunately, the economics of cybercrime have advanced to a point where SMBs are profitable, relatively easy targets that face an overwhelming number of cyber threats.
Further exacerbating things, no other sector has been as disrupted by shifts in buyer behaviours and budget anxieties brought on by COVID-19. Remote workforce devices—not to mention the users of said devices—have become more attractive as exploitable targets. According to IDC’s July 2021 Future Enterprise Resiliency and Spending Survey, Wave 6, “75% of IT decision-makers with organizations that experienced one or more ransomware incidents in the past 12 months indicated that significant extra resources beyond what internal staff handled were required to rectify.”
While these shifts have accelerated their digital transformation, SMBs also face increased vulnerabilities and requirements for mounting an adequate defence.