Every business with a digital footprint, regardless of its nature or size, is vulnerable to cyberthreats. But small businesses, in particular, find themselves in a more perilous position. Apart from limited financial resources, there is also a perceived reluctance on the part of many small businesses to implement adequate cybersecurity measures in their business. This has created a disparity between organizations that are well protected from cyberattacks and those that are highly vulnerable.

Franklin Okeke, writing for TechRepublic Premium, helps you understand the common cybersecurity threats small businesses face and the solutions to tackle them, even with limited resources.

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CHALLENGES SMALL BUSINESSES FACE IN CYBERSECURITY DEFENSE

While small businesses are increasingly aware of the need to improve their cybersecurity and resilience, some of the challenges highlighted below often stand in their way.

Budget constraints

Small businesses often struggle with limited financial resources, which hampers their ability to invest in quality cybersecurity measures. The high costs associated with advanced security technologies, software, and professional services make it challenging for them to implement comprehensive protection. For instance, the average cost of hiring a cybersecurity service provider on Clutch in 2024 is $100-$149 an hour. As a result, these businesses might resort to cheaper, less effective solutions or forego certain security measures altogether. This budget limitation leaves them vulnerable to cyberthreats, as they may not be able to afford regular updates, patches, and monitoring services that are crucial to maintaining a secure digital environment.

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TIME SAVED: Crafting this content required 22 hours of dedicated writing, editing, research, and design.