What can go wrong?

Navigating Cybersecurity Pitfalls for STartups and Small enterprises

60% of Small Companies Fail After a Hack or Data Breach

IBM and Ponemon Institute report that companies with less than 500 employees face $2.98M average breach cost, depending on severity. Beyond financial losses, breaches can damage partner relationships and erode trust among current and prospective customers.

61% of SMEs Are a Target of a Cyberattack

And that’s just the statistic for 2021. Nowadays, SMEs have access to similar IT solutions as large corporations, meaning their vulnerability to attacks is similar. Moreover, smaller companies serving high-value targets often provide a good entry points for attackers.

59% of Small Business Owners Believe Their Business is Too Small To Be Attacked

In fact, criminals often specifically target small and medium businesses due to their vulnerability, ease of targetting and lower risk of detection and punishment for the crime. Despite their size, these businesses possess valuable data sought after by attackers.

75% of SMEs Couldn’t Continue Operating After a Ransomware Attack

Beyond the potential ransom payment, which you should never do, there are also concerns about data loss and the substantial effort required to rebuild systems post-attack. Moreover, the inability to operate presents a huge risk in this context.

33% of Company Folders are Open for Everyone in the Business to Access

While it might not seem significant, considering stolen credentials are still the primary entry point for attackers. Therefore enforcing a strict ‘need-to-know’ principle is vital. Implementing regular access reviews and automated data loss prevention measures can effectively mitigate these risks.

There are plenty of ways a startup or an SME can fail in securing its data. Don’t let your company be one of them.

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60%

Of small companies fail after a Hack or Data Breach

IBM and Ponemon Institute report that companies with less than 500 employees face $2.98M average breach cost, depending on severity. Beyond financial losses, breaches can damage partner relationships and erode trust among current and prospective customers.
Source

61%

Of SMEs Are a Target of a Cyberattack

While it might not seem significant, considering stolen credentials are still the primary entry point for attackers. Therefore enforcing a strict ‘need-to-know’ principle is vital. Implementing regular access reviews and automated data loss prevention measures can effectively mitigate these risks.
Source

51%

Of Small Business Owners Believe Their Business is Too Small To Be Attacked

In fact, criminals often specifically target small and medium businesses due to their vulnerability, ease of targetting and lower risk of detection and punishment for the crime. Despite their size, these businesses possess valuable data sought after by attackers.
Source

75%

Of SMEs Couldn’t Continue Operating After a Ransomware Attack

Beyond the potential ransom payment, which you should never do, there are also concerns about data loss and the substantial effort required to rebuild systems post-attack. Moreover, the inability to operate presents a huge risk in this context.
Source

33%

Of Company Folders are Open for Everyone in the Business to Access

While it might not seem significant, considering stolen credentials are still the primary entry point for attackers. Therefore enforcing a strict ‘need-to-know’ principle is vital. Implementing regular access reviews and automated data loss prevention measures can effectively mitigate these risks.
Source