Why do SMEs need a Deterministic Protection Platform?
Small businesses or SMEs are the backbones of any economy. They are the first ones to hire new people and the last ones to let them go during a recession. These businesses usually have limited budgets and staff, which forces them to focus their resources on core business operations rather than spend money on security measures. This makes SMEs perfect targets for cyberattacks. In a recent report released by risk management firm Cyber Risk Solutions (CRS), 61% of small businesses in North America were found to have been victims of cybercrime sometime in the past two years, with an average loss of $33,000 per company. In light of these worrying statistics, SMEs must have access to concise information about the risks they face and what can be done about them. SMEs’ Biggest Security Challenges For SMEs two biggest challenges comes are Security Awareness and Education. Security awareness: Refers to the level of awareness amongst a company’s employees. Unfortunately, many employees might simp