While many of us occupy ourselves by trading currencies, assets, trading cards and other valuable items, cybercriminals trade in data. With data, cybercriminals can unlock other doors and when that data comes from a company, those doors can lead to illicit gains.
While data breaches and theft from big firms often grab headlines, cybercriminals also target small and medium enterprises (SME). This makes sense as from a tactical point of view, there are more small businesses than there are large enterprises. According to the World Bank, 90 percent of businesses are classified as SMEs. That’s a massive playground for cybercriminals to run around in.
What is concerning is that SMEs don’t appear to be taking the threat of cybercrime seriously.
In its 2024 Threat Report, Sophos highlighted the digital dangers SMEs face as well as how prevalent attacks are on smaller businesses.
The cybersecurity firm says that in 2023, 75 percent of customer incident … // Read more: original article.
