How NIST CSF 2.0 Helps Small Businesses

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The NIST CSF Cybersecurity Framework (CSF 2.0) has had its first update in a decade. This voluntary framework previously focused on larger businesses in specific sectors, but it’s recently been expanded to better fit organizations of all sizes. The update offers particular advantages for small businesses that may not have the resources to invest in complex cybersecurity solutions. 

Changes to the framework

NIST CSF 2.0 has adapted and expanded to become more inclusive as a response to an ever-growing and changing threat landscape.  

Many small businesses simply aren’t prepared to deal with cyber threats. 57% of small business owners feel they won’t be targeted by cyberattacks, which is a false perception that has left many vulnerable. No one is too small to avoid being a target.  In reality, 43% of cyber attacks against SMBs are carried about against companies with less than 1,000 employees. In 2020, SMBs faced 700,000 attacks, leading to nearly $3-billion in damages. 

Even following an attack, it takes half of all small businesses more than 24 hours to even become operational again, which can be devastating financially. 

To address these issues and help small…

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