Why Small and Medium Businesses Are Prime Targets for Cyber Criminals

A single cyber breach can cost SMBs anywhere from £8,000 to £25,000 before factoring in lost business, downtime, and reputational damage

Cyber crime is on the rise, and small businesses face the risk of sensitive data being compromised daily. Many business owners assume they’re too small to be a target, but cyber criminals often prefer multiple weaker targets over a single, well protected large corporation. Whether through phishing, ransomware, or supply chain attacks, hackers seek out vulnerabilities, and SMBs with poor security are easy to fall victim.

How to Protect Your Business

  • Train your employees – Phishing scams trick staff into revealing sensitive information. Regular training with KnowBe4 helps prevent costly mistakes.
  • Enable Multi-Factor Authentication (MFA) – Adding an extra layer of security beyond passwords makes it significantly harder for hackers to gain access.
  • Keep software updated – Outdated systems are an open invitation for attackers. Regular patching is crucial.
  • Back up your data – Ransomware attacks can cripple a business. Frequent, secure backups ensure this won’t happen to you.
  • Get Cyber Essentials certified – This government-backed certification demonstrates your commitment to cyber security and builds trust with clients.

Beyond financial losses, poor cyber security can also impact growth opportunities. Many larger companies now require security audits before working with smaller businesses, including compliance with Cyber Essentials certification. Without strong security measures in place, your business could miss out on valuable contracts.

Get in touch today to find out how we can help you get your Cyber Essentials certification and be more protected as a small business.