In recent years, small and medium-sized businesses (SMBs) have increasingly become the target of cybercriminals, as they are perceived to be more vulnerable and less prepared to handle attacks. Accenture's Cost of Cybercrime Study reveals that 43% of all cyber-attacks are directed at SMBs, however, only 14% are adequately prepared to protect themselves against these attacks. Additionally, according to Ponemon Institute’s State of Cybersecurity Report, 2 in every 3 SMBs have experienced a cyber attack in the past 12 months and almost half admit that their processes are ineffective at mitigating attacks.
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