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Picture of By Justin Hermann

By Justin Hermann

Co-Founder and Technology Consultant at smartIT

Why Small Businesses Are Prime Targets for Cyberattacks

Many small business owners assume they are too small to be a target. Cybercriminals are counting on that belief. The reality is that attacks do not only hit large enterprises. Small and mid-sized businesses are among the most frequent victims.

The Misconception That Leaves Businesses Exposed

It is easy to see why this mindset exists. Large corporations have:

  • High-value assets

  • Complex infrastructures

  • Dedicated cybersecurity teams and million-dollar budgets

Small businesses, by contrast, often have:

  • Limited budgets

  • Lean teams

  • Minimal protection in place

That is exactly what makes them attractive.

Attackers know breaching a major company is expensive, time-consuming, and likely to fail. While the payoff might be bigger, so is the risk. Small businesses, however, are easier to access. Many rely on outdated systems, weak passwords, or little employee training. These gaps make them vulnerable to phishing, credential theft, and social engineering.

The Numbers Tell the Story

According to Accenture’s Cybercrime study:

  • 43% of cyberattacks target small businesses

  • Only 14% of small businesses feel prepared

  • The cost of an attack ranges from $826 to $653,587 depending on severity

These are not hypothetical risks. They represent real-world losses that small businesses face today. Since there are far more small businesses than large ones, attackers cast a wide net. Even a small success rate can be highly profitable.

Why Small Businesses Cannot Afford to Wait

Many small companies assume cybersecurity is out of reach and believe it requires enterprise-level investment. The truth is that basic protections are both affordable and effective.

Simple, high-impact measures include:

  • Enforcing strong, unique passwords for all users

  • Requiring multifactor authentication (MFA)

  • Backing up critical data regularly

  • Training staff in cybersecurity awareness

  • Keeping software and systems up to date

Even these steps alone can stop many of the most common attacks.

Final Thought

Being a small business does not make you invisible. It makes you vulnerable. Cybercriminals are not just going after the biggest targets. They are going after the easiest ones.

Cybersecurity is no longer optional. It is essential for staying operational, protecting data, and preserving your reputation. If your business is not actively managing risks, it is not a matter of if an attack will happen. It is a matter of when.

Take the First Step Toward Stronger Protection

You do not need to be a cybersecurity expert to get started. Begin with a simple conversation about where your business stands today.

Contact us to schedule a security readiness review. We will help you:

  • Understand your risk

  • Identify key areas for improvement

  • Prioritize practical steps that fit your business and budget

Cybersecurity is within reach. Let us help you get there.

Discover how smartIT can empower your organization with cutting-edge AI solutions. Contact us to integrate AI into your business strategy!

About smartIT

smartIT provides top-notch, hassle-free, user-friendly, one-ticket resolution, reliable, on-site and remote IT and Infosec services to New York Metro businesses, organizations, and non-profits of all sizes, ranging from startups to large enterprises. We specialize in custom IT support, cybersecurity, operations consulting, JAMF and Intune MDM, VoIP, vCIO and vCISO, cloud support & maintenance, Microsoft 365 consulting solutions, systems migration services, IT staff augmentation solutions, password management, employee on/off-boarding support, secure access service edge, security monitoring software, vendor management services, SaaS monitoring & response, firewall & antivirus deployment, disaster recovery & data backup, device management support, Google Workspace administrator, low voltage cabling & installation, dark web monitoring solutions, Zoom – Phone, Video & Room Set-up, Zero Trust Application Management, Virtual Office Set-up Solutions, RingCentral – Phone, Meeting & Room, Network Infrastructure Management, managed wired & wireless networking, phone systems & video conferencing, security incident & event management, printer management solutions, security training, phishing simulation, compliance & governance – FTC, safeguards, SOC2, and Security Operations Center – Monitoring. For more information about smartIT, please visit www.smartIT.nyc.

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