The results from a survey, recently conducted, found that small businesses plan to invest more into IoT devices rather than cybersecurity software. IoT stands for Internet of Things and encompasses a wide variety of devices such as thermostats and lights that utilize smart technology. These devices are typically connected and can be controlled through most smartphones. It was recorded that small businesses are prioritizing these novelty products over cybersecurity plans. This is alarming because according to the Version 2019 Data Breach Investigations Report, 43% of cyberattacks target small businesses.
Perhaps the biggest misconception small business owners make is the idea that they do not understand why a hacker would waste their time on a small company in the first place. In reality the smaller companies make better targets. Smaller companies do not always have the resources to invest in cybersecurity. This makes it easier for attackers to target several small companies at the same time rather than attacking a larger company. Professionals in the article recommend seeking any form of cybersecurity to discourage attackers. Prevention is essential in this time of growing cybercriminal activity. It is better to have systems in place and never use it than to be caught by surprise and lose assets. Read More.
LIS 4022 Spring 2020 