4 main reasons why SMEs and SMBs fail after a major cyber attack
We live in a time when malicious cyber attacks happen every minute, every day, all over the world. Companies from the smallest startup to the largest organization suffer from cyber attacks. It’s not surprising then that cyber incidents targeting businesses, nearly doubled from 82,000 in 2016 to 159,700 in 2017, driven by ransomware and new attack methods.
However, not all companies are affected by malicious attacks in the same way. Did you know that small- to medium-size enterprises (SMEs) and small- to medium-size businesses (SMBs) face far greater threats, risks and challenges combating cyber attacks. In fact, 60% of SMBs who were victims of cyber attacks did not recover and shut down within 6 months. Why? What are the main reasons SMEs and SMBs fail to recover after a major cyber attack? More importantly, what can they do about it to have a stronger defensive strategy?
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