Cybersecurity is crucial for small to midsize businesses because they often face significant challenges due to limited resources and expertise. With the evolving threat landscape, these businesses must understand potential risks and the costs of protection. Nearly 75% of decision-makers have started implementing Security Operation Center (SOC) automation, which can help manage high alert volumes and improve overall security posture.

The top cybersecurity threats include phishing, malware, ransomware, data breaches, and compromised passwords. For instance, in 2021, 86% of organizations reported phishing incidents, while 35% of attacks involved previously unknown malware. Additionally, 38% of organizations experienced data breaches, highlighting the need for robust security measures.

Small businesses can improve their cybersecurity by building internal and external expertise, educating their teams, and creating a comprehensive cybersecurity policy. Collaborating with external partners like HPE can provide 24/7 monitoring and access to up-to-date security insights. Regular training and awareness programs can also help employees recognize and respond to potential threats effectively.