Leaders at small and mid-sized businesses (SMBs) are innovators. Unhindered by legacy technology or long approval chains, they relentlessly pursue every chance to improve efficiency and reduce costs. While SMBs have the will to try new technologies, they don’t always have the means. Smaller budgets and busier staffs are obvious roadblocks, but SMBs have also been hampered by a lack of access to security solutions that make sense for businesses of their size.

These businesses face the same challenges as enterprises, and they need the same quality of IAM solution – one that is scalable, affordable, and easy to use. And they need all that in a package that’s easy to implement and manage.

While many small businesses have remained unscathed from cybersecurity challenges in the past, the threat of cyberattacks for SMBs is growing. In one survey, 63% of surveyed SMBs experienced data breaches in 2019, compared to 58% in 2018 and 54% in 2017. This risk is far too high, considering that small organizations spend an average of $200,000 per incident, and 60% of SMBs go out of business within six months of an incident.

So what specific cybersecurity problems are SMBs experiencing and what can they do to prevent attacks?

Optimal IdM has announced new tiered offerings of the award winning OptimalCloud™ platform. This new offering challenges other multi-tenant IAM vendors that target small and mid-sized businesses.  However, unlike these competitors, our base price of $2/per user includes a more robust feature set that includes SSO, MFA, Universal Directory, Lifecycle Management, Delegated Administration and Adaptive Authentication/Authorization all at a significantly lower price point.

“Growing Optimal IdM over the years has been exciting, but to offer economical and robust feature plans to companies who may not be able to afford a full Identity Access Management solution has been a long-standing goal of ours,” said Larry Aucoin, Managing Partner and CTO of Optimal IdM. He continued, “It has always been our mission to help businesses strengthen their security posture with our enterprise grade technologies and experience.”