Pat Bennett's experience underscores the impact of phishing scams, illustrating how SMEs, often lacking robust security protocols, can suffer severe financial and reputational damage from cyberattacks.
A staggering 57% of SMEs have experienced cybersecurity breaches. With 31% targeted in the last year, their vulnerability is exacerbated by limited budgets for security measures and protection.
Cybercriminals monetize sensitive information, and since SMEs often handle customer data and function as intermediaries for larger corporations, they become prime targets for attacks.
Employees in smaller organizations face 350% more phishing and social engineering attacks compared to their counterparts in larger companies, highlighting the urgent need for enhanced defenses in SMEs.
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