How cybercrime is impacting SMBs in 2023

According to the United Nations, small and medium-sized businesses (SMBs) constitute 90 percent of all companies and contribute 60 to 70 percent of all jobs in the world. They generate 50 percent of global gross domestic product and form the backbone of most countries’ economies.

In the past, the perception was that large corporations were more attractive to cybercriminals. Yet in reality, cybercriminals can target anyone, especially those who are less protected, while small businesses typically have smaller budgets and are not as securely protected as larger companies.

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Source: Kaspersky