Research studies have shown that an alarming 60% of small businesses close their doors within 6 months of a significant cyber-attack. (1) There can be a multitude of reasons for this, but it often relates to the financial impacts of remediation (which can include regulatory fines), reputational impacts causing a loss of customer trust and operational disruption.
Unfortunately, alarming statistics like these are on the rise as AI technology creates easier and more sophisticated pathways into the heart of businesses who often aren’t following cyber security procedures.
Many cyber-attacks on smaller businesses are basic in their nature and widespread. Often coming simply from a malicious link into an employee. The most common mistake is that SME’s simply don’t think their business would be a targeted, the University of Salford describe it as being ‘Similar to heading off to work and leaving your home door unlocked all day on purpose, the longer you ignore it, the more likely it is that cyber attackers would target your firm and potentially gain access.’ (2)
Having the correct processes in place, monitored continually via a professional service, is the fundamental start for businesses. However, companies should build on this by developing a whole culture around good cybersecurity protocols. This can be done by creating a strong understanding of how attacks take place, identifying signs for a security threat and re-enforcing this via periodic training.
The simplest and most cost-effective way to help safeguard your business is partnering with a trusted cybersecurity provider who understands the unique challenges facing SMEs. At bzb IT, we create a whole blueprint around cyber security; from deploying security products with continual monitoring, through to employee awareness training. Creating a cybersecurity-aware culture isn’t just about compliance; it’s about building resilience and understanding throughout the organisation, no matter the size.
When employees feel confident identifying phishing attempts, suspicious links, or unusual requests, they become the first line of defence against potential attacks. Simple, consistent actions like verifying links, recognising red flags, and reporting anything suspicious can collectively protect the business in powerful ways.
In a world where cyber threats continue to evolve, a well-informed and engaged team can mean the difference between survival and costly damage. So, while cybersecurity tools are essential, empowering your people to understand and respond to threats is one of the most valuable investments you can make.
For SMEs looking to build this kind of culture, bzb IT is here to support you every step of the way, from #CyberEssentials audits to our full IT support package. You’ve put everything into your business, now let us protect it.
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