SMB’s Biggest Security Issues

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Cybersecurity continues to be top of mind across the SMB community. 86% of SMBs report that cybersecurity is within their top 5 business priorities, and over one-third say it is THE top business priority in 2023. Staying secure takes resources and in-depth knowledge of cyber protocols, but 61% of SMB’s polled say they lack the internal expertise to effectively deal with threats. So where does that leave an SMB owner? Seek a cybersecurity partner that understands your business, has expertise in protecting similar networks, and offers user training to thwart would-be bad actors from breaching your front line.

Size Matters

Smaller firms are among those suffering the largest losses relative to the size of a business. For micro firms under ten employees, the average cost of attacks was just over $8,000, but there were larger firms with losses of over $300,000 or more.  In California alone, 2022 saw over 32 million attacks, the most out of any U.S. state.

Most Common Security Concerns

According to a 2023 Sonic Wall Threat Mindset Survey, when asked what types of cyberattack SMB owners are most concerned about, 91% of respondents answered ransomware. Phishing and spear-phishing, which are often used as vectors for ransomware, were ranked second, with roughly three-quarters of respondents rating them as a concern.

Top Security Threats for SMB's

Cybersecurity continues to be top of mind among SMB owners, which is reflected in both perceived risk and investment planning.  77% are planning to invest more or much more in cybersecurity in the next 12 months to reduce risk to their organization. Advanced threat detection and response protocols can:

  • Help you understand and reduce your digital risk
  • Secure your data and help prevent cyberattacks
  • Safeguard your company’s name and reputation
  • Protect sensitive financial and health records
  • Thwart costly business email compromises

The D.U.N.E Strategy

Protecting a network, however small, begins with a comprehensive evaluation, followed by strategies to mitigate infiltration and damage.  DUNE stands for Data, User, Network and Endpoint security; a holistic look at maintaining security across all points of access that includes training users to know when to question emails or downloads to stop attackers at the front door. Maintaining technology that keeps up with shifting regulations and creating a comprehensive plan to keep up with compliance can further complicate matters.

  • Implement stronger cybersecurity protocols and minimize risk
  • Establish effective and efficient management of security
  • Identify and quarantine suspicious activity and phishing attempts
  • Gain 24/7 protection for all devices, all connections and all locations
  • Secure your system with IT experts, not just software

As cyber threats continue to evolve, it’s essential for organizations to have a comprehensive understanding of the behaviors and tactics of threat actors. Global CTI can help SMB owners understand the importance of implementing and enhancing countermeasures based on the latest data. By understanding and addressing the specific tactics and techniques used by threat actors, organizations can more effectively prepare for, defend against and respond to cyberattacks.

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