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A lot of damage can be done in such a long period of time. For one thing, your reputation can go down the drain along with your dream of selling this great little business it has taken you twenty years or more to build.
“Cybercriminals today are no long single hackers but entire collaborative networks on a global scale. It is delusional to think these organised hackers only target large corporations with vast resources. It is never a case of the bigger the organisation the more attractive the hit because the yield will be bigger.
“SMEs are characteristically founded by entrepreneurs with a vision to grow their business into a saleable entity, however, a cyber breach can do irreparable damage operationally, financially, and of course, reputationally. All these impacts can be devastating to the resale value of a business. SMEs need to ask themselves are they willing to risk this outcome.
“Updating your software — whether through a rapid alert or regular software updates — can help keep your valuable information secure against evolving threats. Remember these software updates not only help your cybersecurity, but also your compliance and a compliant business is a far more saleable entity.
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