Why Small Businesses Are Prime Targets For Ransomware

Ransomware is becoming an increasingly prominent threat across the entire business world, with 92% of industries ranking it as one of their top threats. If you own or manage a small business, it might be easy to assume that you'll fly under the radar—hackers won't waste their time with such a small target, right?

The truth is that SMBs are some of the most common victims of ransomware—82% of attacks were directed towards businesses with less than 1000 employees in 2021. We’ll discuss why SMBs are often some of the easiest and most profitable ransomware targets, and how New Jersey cybersecurity services from ICS can help you keep your business safe.

Your SMB Is Vulnerable to Ransomware—Here’s Why

You may think you're automatically in the clear if you have a small business, but some of the key attributes of SMBs actually make them the most vulnerable to ransomware.

Lack of Cybersecurity Resources

Small businesses often have small or nonexistent IT teams, leaving them unprepared for cyber threats. Limited budgets prevent investments in advanced cybersecurity tools and often force SMBs to rely on outdated software or hardware with easily exploitable vulnerabilities. These factors create an environment where ransomware can enter and spread with little resistance.

Lower Security Awareness

With limited resources and, consequently, limited access to cybersecurity training, small businesses often struggle with low security awareness and high human error. The lack of education and clear cybersecurity protocols makes team members more likely to fall victim to phishing attempts, inadvertently exposing the organization to ransomware.

Easily Exploitable Valuable Data

Valuable data (such as payment details and intellectual property) is attractive to attackers, and, unfortunately, it's often especially vulnerable in SMBs. Backups may be nonexistent or poorly managed, and protections may be insufficient. Hackers also understand that small businesses are often more willing to pay a ransom to quickly restore operations and minimize disruptions.

Supply Chain Entry Points

Small businesses frequently serve as vendors or contractors for larger organizations, making them appealing entry points for hackers. Cybercriminals can use ransomware attacks on SMBs to infiltrate their systems, gain sensitive access, and then pivot to compromise the larger companies they serve.

Reactive (Instead of Proactive) Cybersecurity

Many small businesses fail to prioritize cybersecurity until after they have already fallen victim to a ransomware attack, leaving them unprepared to effectively respond. Without a proactive incident response plan (IRP) in place, these companies often experience prolonged downtime, increased operational disruptions, and higher recovery costs.

How Can an MSP Help Protect My Business?

Yes, small businesses can be huge targets for hackers, but that doesn't mean your organization is a sitting duck. New Jersey cybersecurity providers like ICS can help you design a tight security web that will provide proactive protection against ransomware:

• 24/7 monitoring allows you to detect and address threats early.

• Employee cybersecurity training gives your team the knowledge and tools to identify and respond appropriately to phishing and other attacks.

• Software updates, firewalls, and antivirus systems close gaps and keep your network clear of suspicious activity.

• Expertise in compliance and IRPs helps you to strengthen your systems and be prepared to eradicate and recover from attacks promptly.

ICS: New Jersey Cybersecurity You Can't Beat

Don't let your business fall to ransomware—staying safe and secure is possible with ICS. When you partner with us, you'll enjoy tailored solutions, professional insights, and a deep dedication to your success. Reach out to learn more about our cybersecurity services and start strengthening your defenses.

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