Intelligent SME.tech Issue 65 | Page 37

// INDUSTRY INSIGHT // immediate technical clean-up. A single incident can cost anywhere from hundreds of thousands to over a million in damages once downtime, recovery, legal costs and fines are calculated. Operational disruption alone can cost thousands per hour.
For many small businesses, the damage is existential. Most SMEs say they couldn’ t survive a major ransomware attack. And even if they manage to recover, they often face long-term fallout like lost customers, reputational damage and employee burnout or turnover.
Getting the basics right
The good news is that SMEs don’ t need complex, enterprise-level tools to improve security – they just need the right mix of basics. Strong authentication and tight access controls dramatically reduce the damage that stolen credentials can cause.
Regular patching and reliable backups limit how far attackers can get into the network and how quickly a business can recover. Ongoing security awareness training also helps to prevent mistakes at the source.
These measures are most effective when they are supported by modern, integrated security. Older, standalone tools are unable to keep up with today’ s cloud-first, distributed and efficient workplaces. Cloud-managed, identity-centric security gives SMEs stronger protection while keeping management simple and scalable.

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A SINGLE INCIDENT CAN COST ANYWHERE FROM HUNDREDS OF THOUSANDS TO OVER A MILLION IN DAMAGES ONCE DOWNTIME, RECOVERY, LEGAL COSTS AND FINES ARE CALCULATED.
actively look for businesses that delay updates. Many SMEs postpone updating or patching software because they lack time, fear disruption or simply don’ t know which updates matter – leaving easy openings for would-be attackers.
Once a small business experiences a cyberattack, the impacts extend far beyond
Cybersecurity is no longer just an IT issue – it is essential to the whole organisation and its resilience. SMEs that stop assuming they’ re‘ too small to matter’ are far better positioned to withstand cyberattacks, recover quickly and protect customer trust. With the right guidance and modern, integrated security, even the smallest organisations can build resilience to stand up to today’ s cyberthreats. �
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