Why SMBs Should Take Cybersecurity Seriously

Small and medium-sized businesses (SMBs) often fall into the misconception that cybercriminals primarily target large enterprises, assuming their size keeps them off the radar. However, the reality is quite the opposite. Let’s explore why SMBs have become prime targets for cyber threats and highlight some of the most common risks they face today.

Why Are SMBs a Favorite Target for Cybercriminals?

Most SMBs operate with relatively weaker security defenses, making them easy prey for cybercriminals looking for quick and effortless attacks. The growing reliance on remote work and the use of mobile devices like smartphones and laptops further complicates security monitoring and management across multiple locations.

Many SMBs also struggle to prioritize cybersecurity due to resource constraints, making it difficult to manage, train, and retain the necessary personnel, processes, and technologies for robust security.

Alarming Cybersecurity Statistics for SMBs

(Source: ConnectWise State of SMBs, CyberSmart)

• 94% of SMBs experienced a cyber-attack at least once in 2024, a sharp rise from just 4% in 2019.

• Only 45% have an incident response plan in place to handle cyber-attacks.

• 44% of SMB employees have received cybersecurity training and are aware of security best practices.

• 76% of SMBs report lacking in-house expertise to manage cybersecurity threats effectively.

• Over half of SMBs outsource major IT infrastructure (59%), IT services (59%), and cybersecurity (57%).

  
  

The Most Common Cybersecurity Threats for SMBs (and How to Prevent Them)

1. Human Error

Lack of cybersecurity awareness is a major vulnerability for SMBs. Employees can be manipulated through phishing or social engineering tactics, leading to credential theft, malware infections, and financial fraud. Cybercriminals are increasingly leveraging phishing attacks to gain initial access and execute larger-scale attacks.

Prevention Tips:

• Conduct an assessment of employees' awareness regarding cybersecurity threats and best practices.

• Implement a structured cybersecurity training program to address knowledge gaps.

• Regularly simulate phishing and social engineering attacks to improve employee preparedness.

  
  

2. Exploitation of Remote Monitoring and Management (RMM) Tools

Attackers have been increasingly targeting RMM tools to take control of systems. These attacks often involve brute force attempts, stolen credentials from the dark web, or phishing tactics to gain unauthorized access.

Prevention Tips:

• Enforce the use of Multi-Factor Authentication (MFA) and strong passwords.

• Continuously monitor for suspicious RMM activity.

• Adopt a Zero Trust approach to restrict access.

• Regularly audit infrastructure for unauthorized RMM installations or anomalous behavior.

  
  

3. Exploitation of Vulnerable Drivers

Hackers exploit vulnerabilities in outdated or insecure drivers to gain control over systems, often deploying ransomware and other malware attacks.

Prevention Tips:

• Keep software and drivers up to date with the latest security patches.

• Use security solutions that detect BYOVD (Bring Your Own Vulnerable Drivers) attacks.

  
  

4. WebDAV Exploitation

WebDAV, commonly used for remote collaboration and file management, is often exploited by hackers for data exfiltration and malware deployment.

Prevention Tips:

• Regularly update WebDAV-related software.

• Disable WebDAV web client services unless explicitly required.

• Train employees to recognize and avoid malicious LNK files, commonly used in WebDAV attacks.

  
  

Final Thoughts

Cybersecurity is no longer optional for SMBs. As cyber threats continue to evolve, businesses must take proactive steps to strengthen their defenses. Implementing employee training, multi-layered security measures, and regular security audits can go a long way in safeguarding SMBs from growing cyber risks.

At CyberForte, we specialize in helping businesses of all sizes build resilient cybersecurity strategies to protect their operations. If you're looking for a cybersecurity company in Australia, get in touch with us today to secure your digital assets.