When it comes to cybersecurity risk, many SMBs like to think that they won't be the target of attack because of their size. However, in reality, they may actually be more vulnerable. According to the recent Verizon Business Mobile Security Index (MSI) 2021, 52 percent of security and IT leaders surveyed said SMBs were more targeted for attack. According to one research report, 43 percent of attacks in 2020 were specifically targeted at small businesses. What's more, the impact on an SMB can be much more significant than an attack on a large enterprise. This is because a larger company has more extensive resources for technical remediation and to withstand the reputation impact to its current and prospective customers. One metric finds that 60 percent of SMBs close within six months of a cyberattack — a concerning statistic for any business owner. Unfortunately, many SMBs don't have the resources to support large-scale cybersecurity operations, either in the form of budget or dedicated staff. Large bank JP Morgan, for instance, reportedly spends $600 million a year on cybersecurity, which is undoubtedly out of reach for any SMB (or even many large businesses). The key in making the most of a limited [...]

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