Cybersecurity
Article

Beyond the Basics: A Modern Cybersecurity Risk Assessment for Small and Midsize Businesses

by
UHY LLP
July 9, 2025
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Summary

UHY urges small and midsize businesses to prioritize regular cybersecurity risk assessments to combat growing digital threats.

For America’s small and mid-sized businesses (SMBs), the digital landscape has become a high-stakes environment. The frequency and sophistication of cyber-attacks are accelerating, with recent industry data showing that over 70 percent of ransomware attacks now target organizations with fewer than 1,000 employees. The primary attack vector remains troublingly simple: a single malicious email is the initial entry point in a vast number of breaches. The consequences are staggering. Beyond the initial ransom, the costs associated with operational downtime, regulatory fines, and reputational damage can cripple a growing business, with many failing to survive the aftermath.

The old model of cybersecurity, a simple firewall and endpoint antivirus, is no longer a viable defense. As your business grows, so does your risk profile.

The Mid-market dilemma: Navigating the pressures of growth

Medium-sized businesses find themselves in a particularly challenging position. You're no longer a small shop, but you likely don't have a dedicated security teams or nine-figure budgets of a large enterprise.

Read this article in full here.

UHY LLP
UHY LLP

UHY is one of the nation’s largest professional services firms providing audit, tax, consulting and advisory services to clients primarily in the dynamic middle market. We are trailblazers who bring our experience from working within numerous industries to our clients so that we can provide them a 360-degree view of their businesses. Together with our clients, UHY works collaboratively to develop flexible, innovative solutions that meet our clients’ business challenges. As an independent member of UHY International, we are proud to be a part of a top 20 international network of independent accounting and consulting firms.

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