How Women-owned Businesses Can Protect Themselves Against Cybercrime Vulnerability

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Women entrepreneurs often overlook the threat of cyberattacks, largely because they are not oriented to understand the criticality of cybersecurity in business continuity. Image: Shutterstock

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Cybercrime is on the rise worldwide. Ten billion devices are set to join the Internet of Things (IoT) by 2025. As the internet expands, so will global cyberattacks. Experts estimate that cybercrime will cost the world economy $10.5 trillion by 2025.

Yet, despite the preponderance of news stories about cyberattacks on high-profile large companies, most data breaches affect small- to medium-sized businesses (SMBs). This is simply because there are more of them and, SMBs often do not have appropriate security measures in placeβ€”leaving them more vulnerable to an attack by cybercriminals.

Additionally, many of these SMBs are susceptible to cyber threats due to a limited budget allocation and resources to buy the most secure software and tools available. This…

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