Any IT consulting firm can write paragraphs on how good they are at IT security.
But how many of them can show you live proof?
Cyber Security Scenario #1:
The video you are about to watch is a real business in the western suburbs where we recently discovered two foreign countries hacking in to their employees Office 365 accounts while stealing company email and data.
Cyber Security Reports #2:
Your IT support is currently not sending you a summary of your network, appliances, antivirus, backups, and Microsoft 365 security status do they? Then check this video out!
Why Small Businesses Are Vulnerable to Cyberattacks
Small businesses may seem like an unlikely target for cybercriminals, but in fact, they are particularly vulnerable. The reasons for this vulnerability are multifaceted, but can be boiled down to a few key factors:
Lack of cybersecurity budget
One of the major reasons small businesses are vulnerable to cyberattacks is that they often lack the resources to invest in robust cybersecurity measures. A study cited in found that 47% of businesses with fewer than 50 employees do not have a dedicated cybersecurity budget. Even among larger companies, the numbers are not much better: only 18% of companies with more than 250 employees have a dedicated cybersecurity budget.
Limited IT expertise
Another reason small businesses are vulnerable to cyberattacks is that they often lack the in-house IT expertise to properly secure their networks and systems. Smaller companies may not have the budget to hire a full-time IT staff, and may rely on employees with limited technical knowledge to handle IT-related tasks. This can make it difficult to identify and address potential vulnerabilities in a timely manner.
Limited understanding of the threat landscape
Small businesses may also be vulnerable to cyberattacks because they lack an understanding of the current threat landscape. Cybercriminals are constantly evolving their tactics and techniques, and small businesses may not have the knowledge or resources to stay up-to-date on the latest threats.
Lack of incident response plan
Finally, small businesses may be vulnerable to cyberattacks because they lack a solid incident response plan. In the event of a data breach or other cyber incident, it is crucial to have a clear plan of action in place to minimize damage and mitigate the impact of the attack.
Protecting Small Businesses from Cyberattacks
Despite the many challenges small businesses face when it comes to cybersecurity, there are steps that can be taken to better protect against cyberattacks. Some key strategies to consider include:
Investing in cybersecurity solutions
One of the most important steps small businesses can take to protect against cyberattacks is to invest in cybersecurity solutions. This can include everything from firewalls and antivirus software to intrusion detection and prevention systems.
Providing employee training
Another key strategy for small businesses is to provide employee training on cybersecurity best practices. This can include training on how to recognize and respond to phishing scams, as well as how to properly handle sensitive data.
Developing incident response plan
Small businesses should also develop a clear incident response plan that outlines the steps to be taken in the event of a cyber incident. This plan should include designated roles and responsibilities, as well as procedures for communicating with employees and customers.
Staying informed about the threat landscape
Small businesses should also stay informed about the current threat landscape and the latest cybersecurity trends. This can include subscribing to industry publications, attending conferences and webinars, and participating in online communities.