Page 49 - Cyber Defense eMagazine August 2024

It’s Time to Sound the Alarm on SMB Cyber Threats

Complacency is imperiling SMBs against 2024’s gravest threats. Here’s how businesses can start
building a meaningful defense.

By Jamie Levy, Director, Adversary Tactics, Huntress

There’s an unnerving secret many of us in cybersecurity have noticed. And if you think your company is
“too small” to be worried about a potential attack, think again.

As it turns out, small and medium-sized businesses (SMBs) are a new playground for creative
adversaries to hone the skills they need before attacking more lucrative, larger enterprises. It’s time the
cybersecurity community got the word out: the tides have officially turned.

SMBs may have once assumed themselves “too small” to attract attackers’ attention. But today, SMBs
are increasingly attracting adversaries as an ideal testbed environment on their way to larger, more
destructive attacks. And disturbingly, SMBs just stand to lose more in a cyber attack:
1
Some 83% of SMBs are not prepared to recover from the financial damages of a cyber attack

Cyber Defense eMagazine – August 2024 Edition 49
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