Small Businesses Prime Targets for Cyberattacks: Key Signs & Defense Strategies

In the wake of prominent cyberattacks targeting major entities such as casinos, tech giants, and power grids, there is a common misconception that small and midsize businesses are less susceptible to such threats.

However, recent research conducted on over 2,000 enterprises in this category reveals alarming statistics. Approximately 52% of small and midsize businesses and 71% of midmarket firms experienced ransomware attacks in the past year. Additionally, 56% of small and midsize businesses and 88% of midmarket firms faced various other forms of cyberattacks.

Dismissing the assumption that cyber adversaries only target large corporations may lead to overlooking crucial signs indicating otherwise. Here are three indicators that your business might be on the radar of cyber adversaries:

1. Targeting Multiple Companies in the Same Industry:

Cyber threat actors strategically exploit their knowledge of specific industries to launch targeted attacks on entire classes of enterprises. This involves taking advantage of vulnerabilities in widely used software within a particular sector, such as file transfer applications in regional banks or credit unions. Other instances include targeting healthcare facilities relying on new online services and interconnected devices, as wel

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