October 2, 2023
1. Small businesses are not target for hacks. Research shows that 43% of cyber attacks target small businesses as its known to hackers that few are protected. Targeting multiple unprotected companies can be more lucrative than trying to crack into one larger brand’s systems.
2. Security offered by MSPs is enough for SMBs. This is a common and often costly attitude. Small businesses get some protection from Managed Service Providers but it does not cover many of the portals hackers take to break into customer data and payment processes systems.
3. Compliance standards are covered by MSPs. Like the above myth, this is not accurate. SMBs need to be aware of changing regulations specific to their industries and put in measures to comply with new regulations as they arise. Expecting a third-party that is not dedicated to any given industry to be on top of industry-specific requirements can set any business up for costly security failures.