04/12/2021
📢 About 60% of small enterprises go out of business due to the lasting damages caused by cyber attacks; if big corporations can be hacked, small ones can be too. Be informed and check out below these top motives on why even SMEs are targeted.
💳 Personal Data
Cyber criminals know the value of small business' data, these can range from credit card information and patient records, etc. They either hold these for ransom or sell it for profit.
🖥️ For DDoS Attacks
DDoS attacks are performed by recruiting your business' devices to create massive web traffic to disrupt a targeted company's services. Consequences range from a totally unreachable online platform, slow response times, and disruption to business operations.
🔗 Link to Bigger Companies
Hackers can infiltrate smaller companies in order to gain access to bigger ones because usually, they are digitally connected to complete transactions and manage supply chains. (e.g., Target via a 3rd party breach, resulting in 40 million stolen credit card information)
💰 Cash
Many small businesses don't prioritize cybersecurity. Most of the time, data is taken for ransom and when these are ignored, some end up closing completely because they have no means of getting their important files back which are vital for their operations.