The rise of cybercrime isn’t slowing down, and compliance with regulations like PCI DSS just isn’t cutting it. This article dives into why businesses – especially SMBs – should stop treating cybersecurity as a simple box-ticking exercise and instead evolve to a risk-based approach.
Key Points
- 54% of small and medium-sized businesses mistakenly believe PCI compliance equates to security.
- 74% of SMB owners handle cybersecurity themselves without proper training.
- Compliance only establishes minimum standards and does not guarantee protection against sophisticated cyber threats.
- Cybercriminals are evolving faster than compliance frameworks can keep up.
- A risk-based approach identifies and prioritises threats based on their likelihood and impact.
- Dynamic, real-time threat detection is essential to keep pace with evolving threats.
- Connecting the security strategy to business priorities supports long-term resilience.
Why should I read this?
If you’re running a business, especially a smaller one, this article is a must-read. It reveals the serious gap between compliance and actual security and provides actionable insights on adopting a more robust, risk-based approach that can save your business from potential cyber threats. Don’t wait until it’s too late!