{"id":2793,"date":"2019-10-23T15:18:50","date_gmt":"2019-10-23T19:18:50","guid":{"rendered":"https:\/\/solutionsreview.com\/security-information-event-management\/?p=2793"},"modified":"2019-10-23T15:18:50","modified_gmt":"2019-10-23T19:18:50","slug":"smbs-why-you-need-a-small-business-cybersecurity-strategy","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/security-information-event-management\/smbs-why-you-need-a-small-business-cybersecurity-strategy\/","title":{"rendered":"SMBs: Why You Need a Small Business Cybersecurity Strategy"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2778\" src=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED.jpg\" alt=\"SMBs: Why You Need a Small Business Cybersecurity Strategy\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED.jpg 800w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED-300x150.jpg 300w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED-768x384.jpg 768w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED-540x270.jpg 540w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED-162x81.jpg 162w, https:\/\/solutionsreview.com\/security-information-event-management\/files\/2019\/09\/2019-MODDED-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Why does your small-to-medium-sized business (SMB) need an appropriate small business cybersecurity strategy? What cybersecurity threats do SMBs face on a regular basis? How can <a href=\"https:\/\/solutionsreview.com\/security-information-event-management\/siem-buyers-guide-security-information-and-event-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">SIEM<\/a> bolster your small business cybersecurity strategy?\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to recent studies by Cybersecurity Ventures, by 2021 cybersecurity damages shall cost enterprises $6 trillion. Moreover, the 2019 Verizon Study found 43 percent of cyber breaches target small businesses as victims.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>Widget not in any sidebars<br \/><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Perhaps that doesn\u2019t prove a surprise; 44 percent of the United States GDP comes from small businesses. Of course, breaches of big businesses may attract more headlines. But without a small business cybersecurity strategy, small businesses could actually face more risk from hackers.\u00a0<\/span><\/p>\n<h3 style=\"text-align: justify\"><b>The Need for Small Business Cybersecurity Strategy<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/www5.untangle.com\/smbitsecurityreport2019\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">SMB IT Security Report<\/span><\/a> <span style=\"font-weight: 400\">from Untangle discovered <\/span><span style=\"font-weight: 400\">29 percent of small businesses spend less $1,000 on their cybersecurity. However, the risk in this failure to invest in a small business cybersecurity strategy proves proportionally high.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/merch.bankofamerica.com\/small-business\/resources\/small-business-payments-spotlight\/?cid=dis:bams-press:077:sbps-landing\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Bank of America Merchant Services<\/span><\/a><span style=\"font-weight: 400\"> revealed almost 30 percent of consumers won\u2019t use a small business that suffered a data breach. Meanwhile, according to SwitchFast Technologies, 60 percent of SMBs that are hacked go out of business within six months. If an attack causes any amount of downtime, that could cascade into SMBs profits over the long-term.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Indeed, small businesses face the same cybersecurity threats as large enterprises do: ransomware, destructive attacks, stolen credentials, and dwelling attacks. Without the right cybersecurity strategy in place, your SMB could fall prey to these attacks and more.\u00a0<\/span><\/p>\n<h3 style=\"text-align: justify\"><b>How SIEM Can Help<\/b><\/h3>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">SIEM doesn\u2019t just help large enterprises fulfill their compliance mandates. Instead, SIEM can help your small business analyze your enterprise&#8217;s digital activities and logs for security events. With this and its normalization capabilities, SIEM can help you identify threats faster; therefore, you can bolster your SMB\u2019s remediation efforts.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Cybersecurity is more than an investment. The returns may seem invisible but they are incredibly profitable in the short and long term. Thus, you need a strategy that prioritizes cybersecurity, and the solutions which fulfill that strategy.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">You can learn more in our <a href=\"https:\/\/solutionsreview.com\/security-information-event-management\/siem-buyers-guide-security-information-and-event-management\/\" target=\"_blank\" rel=\"noopener noreferrer\">2019 SIEM Buyer\u2019s Guide<\/a>.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a href=\"https:\/\/solutionsreview.com\/security-information-event-management\/security-information-event-management-vendor-map\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" src=\"https:\/\/solutionsreview.com\/security-information-event-management\/files\/2020\/02\/SIEM_VM_SB.jpg\" alt=\"Download Link to SIEM Vendor Map\" width=\"800\" height=\"100\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why does your small-to-medium-sized business (SMB) need an appropriate small business cybersecurity strategy? What cybersecurity threats do SMBs face on a regular basis? How can SIEM bolster your small business cybersecurity strategy?\u00a0 According to recent studies by Cybersecurity Ventures, by 2021 cybersecurity damages shall cost enterprises $6 trillion. Moreover, the 2019 Verizon Study found 43 [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":2778,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1,3],"tags":[95,145,112,86,48,21,57,22,1170,337],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SMBS: Why You Need a Small Business Cybersecurity Strategy<\/title>\n<meta name=\"description\" content=\"Why does your small-to-medium-sized business (SMB) need an appropriate small business cybersecurity strategy? 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