it’s a play on words. But there’s nothing playful about the relentless
cybersecurity challenges today’s small businesses face, including these
summarized from Entrepreneur.com.
1: Lack of
modern infrastructure. Hackers know that small companies have smaller IT
budgets. They also know that spending to shore up defenses will be minimal, and
that last year’s penetration techniques (which larger companies are now
thwarting) will probably work just fine on small enterprises.
2: BYOD risks.
Employees relish the flexibility of working at home or offsite but often log
onto company networks using devices that lack adequate levels of security,
threats. Entrepreneur.com calls out employee ignorance and negligence as major
contributors to cyber insecurity. Verizon’s
2019 Data Breach Investigations report quantifies such threats, noting that 34%
of all breaches in 2018 were caused by insiders. Culprits can include, among
others,: careless workers–those, who for their own convenience, ignore security
policies, misuse data or install unauthorized applications; inside agents,
recruited by outside parties to filch or tamper with company data; disgruntled
employees, who take revenge by disrupting operations or exfiltrating sensitive
important to note that the cost of an
insider attack remains high. One Ponemon Institute
study shows that the average cost of an insider-related incident is around
$513,000; another report says that the average cost of a malicious insider
attack rose 15% from 2018 to 2019.
gloom and doom, the Entrepreneur piece also suggests some solutions, including
urging SMBs to:
A) Emphasize security training and develop a culture centered on cybersecurity
B) Look into predictive security methods based on AI and machine learning.
C) Take advantage of cyber insurance to mitigate losses due to data breach and
liability claims. Of course, one of the most effective ways to regain
confidence in your cyber-defense strategy is by partnering with experts in the
field, like TeamLogic IT. Call today and let us know how we can help.