by Foluwa T. Rewane, Founder, CEO, & vCISO, Iron Defence Security Corporation
As the Founder, CEO, and vCISO of Iron Defence Security Corporation, I've observed a worrying trend that impacts the backbone of our economy: small and mid-sized businesses (SMBs) are often left in the lurch when it comes to robust cybersecurity measures. The financial and operational landscape of cyber protection is shifting, leaving many SMBs vulnerable and exposed to increasingly sophisticated threats.
Recent findings from a Ponemon Institute survey of 1,917 IT security practitioners highlight a stark reality: only 43% believe their efforts in mitigating risks and attacks are very or highly effective. This gap in cybersecurity effectiveness is more pronounced in the SMB sector, where resources are scarcer, and the knowledge gap is wider.
The challenges SMBs face in cybersecurity are multifaceted. From inconsistent policies and a lack of comprehensive third-party data access inventories to insufficient personnel and budget constraints, the hurdles are significant. Furthermore, with 62% of respondents reporting a rise in the sophistication of cyberattacks, and over half noting an increase in severity and targeting, the urgency for effective cybersecurity measures has never been more critical.
The financial repercussions for SMBs are severe, with millions spent annually on responding to breaches and operational disruptions. This financial strain underscores the need for a more accessible and effective cybersecurity framework for SMBs, a mission that Iron Defence Security Corporation is deeply committed to.
At Iron Defence Security Corporation, we recognize the unique challenges faced by SMBs in securing their digital assets and operations. Our approach is tailored to address these needs, offering scalable, AI-driven cybersecurity solutions that provide the advanced protection typically reserved for larger enterprises.
Managed Service Providers (MSPs) are crucial in bridging the gap for SMBs, offering specialized expertise and resources that are often beyond the reach of these businesses. As a leader in the cybersecurity space, we see an immense opportunity to collaborate with MSPs to deliver these essential services to the SMB market effectively.
The neglect and oversight of SMBs in cybersecurity are not just a business issue; it's a matter of economic security and resilience. At Iron Defence Security Corporation, we are dedicated to championing the cause of SMBs, ensuring they have access to the tools, knowledge, and support necessary to thrive in an increasingly digital and threat-laden landscape.
In closing, the need for a concerted effort to support SMBs in their cybersecurity endeavors has never been more apparent. Iron Defence Security Corporation stands at the forefront of this movement, committed to delivering advanced, accessible, and effective cybersecurity solutions to ensure the longevity and success of SMBs in today's digital age. Join us in this vital mission to secure the future of small and mid-sized businesses.
Foluwa T. Rewane, Founder, CEO, and vCISO at Iron Defence Security Corporation, is a Canadian cybersecurity consultant based in the Greater Toronto Area (GTA), Ontario, Canada. Foluwa brings over a decade and a half of cybersecurity expertise to the table. His visionary approach to cybersecurity has empowered small and mid-sized organizations all around the world to strengthen their digital defences against ever-evolving cyber threats. Foluwa lives just east of the city with his wife and three kids. Connect with him on LinkedIn for the latest cybersecurity insights or you can Book A Free No-obligation 30-minute Consultation Call with Foluwa T. Rewane to discuss how he and his team can help secure your digital assets.