Despite growing awareness of cybersecurity risks, misconceptions persist that could lead your business astray in 2025. What are the most common myths, and how can organizations debunk them in order to strengthen their defenses?
Myth 1: Cybersecurity is only for large corporations
This statement is simply not true. Small and medium-sized enterprises are increasingly being targeted, as well as individuals. According to the Harvard Business Review, mid-size businesses are often considered a soft underbelly for cybercriminals to exploit.
The problem that many smaller companies face is third-party risk management. Cybercriminals know how hard it is to get a foothold into a large enterprise because of their strong defenses, so instead they target a third-party service provider. A well-known example is the US retailer Target whose system was hacked by cybercriminals who gained access to customers’ personal data via the air-conditioning subcontractor in 2014. Because third parties have access to large volumes of data, this makes them an attractive target for cybercriminals who are looking for low barriers to entry.
