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How to Address Top SMB Cyber Security Challenges

When it comes to cyber security, the threats themselves—ransomware, phishing, etc.—are nothing we haven’t seen before. What is new, though, is the scope and the increased threat to small- and medium-sized businesses (SMBs).

Most SMBs today have a false sense of confidence; they don’t see themselves as worthy targets and assume they have nothing of value to an attacker.

But why is it that SMBs aren’t properly protected against today’s threats? Why are they so hesitant to change their cyber security strategy? To answer these questions, we did a little research into SMB security trends. Read on to learn which challenges they face and how you can position your managed security services as the solution.

When it comes to cyber security, the threats themselves—ransomware, phishing, etc.—are nothing we haven’t seen before. What is new, though, is the scope and the increased threat to small- and medium-sized businesses (SMBs).

Most SMBs today have a false sense of confidence; they don’t see themselves as worthy targets and assume they have nothing of value to an attacker. However, this leaves hackers thinking: “all the better to eat you with, my dear.”

But why is it that SMBs aren’t properly protected against today’s threats? Why are they so hesitant to change their cyber security strategy? To answer these questions, we did a little research into SMB security trends. Read on to learn which challenges they face and how you can position your managed security services as the solution.

What Factors Hinder SMBs’ Ability to Advance Their Security Efforts?

According to the Better Business Bureau and their 2017 State of Cybersecurity Report, the top five factors that prevent SMBs from advancing in their cybersecurity efforts are as follows:

1. Lack of resources

2. Lack of expertise/understanding

3. Lack of information

4. Lack of time

5. Lack of training

Not only do SMBs not have the tools and resources to keep up with the threat landscape, they’re also struggling to acquire the necessary talent, expertise, and knowledge.

These are the same concerns that companies have when facing the need to handle IT. They don’t want to find, hire, and retain the employee(s) to handle it; yet they can’t handle it (or don’t want to handle it) themselves. This is where MSPs step in.

It’s a very similar story with security. Think about the approach that MSPs have always took to find business, just with a shift in focus to appeal to the security skills gap.”

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