I mean, it sounds bad, but in a lot of those small companies, the security team is actually dead weight / just for show. A bunch of guys running automated scans with Rapid7 / Crowdstrike, looking at pretty dashboard graphs and sending managers scary "intrusion alert" emails because someone tried to SSH on 22 but failed.
Obviously, we don't know if that's the case here, but I wish more companies figured out their security team is security theatre.