Cyber attacks on all organizations, but especially on small and medium-sized firms, are growing increasingly common, targeted, and complicated. According to Accenture’s Cost of Cybercrime Study, small firms are targeted by 43% of all reported cyberattacks, yet just 14% are equipped to protect themselves.
A cyber attack not only disrupts routine operations but may also inflict damage to critical IT assets and infrastructure, which may be hard to recover from without the necessary cash or resources. As a result, small firms are finding it difficult to protect themselves.
The most common types of attacks on small businesses include phishing/social engineering, compromised/stolen devices, and credential theft.
Here is a list of facts that every small business owner around the world must be aware of:
- We aren’t lying when we say hackers were active last year. Hacking incidents against small firms climbed five-fold in 2020, according to Fundera. These sorts of assaults increased by 424% in total. Why would hackers choose smaller firms with less money to pay ransoms as their target? Continue reading to find out.
- While most big firms are becoming more conscious of the dangers of cyber-attacks, many small businesses continue to bury their heads in the sand. According to a survey conducted by BullGuard in 2020, a third of the firms with 50 or fewer workers use free consumer-grade cybersecurity to defend themselves.
- One out of every five of these businesses had no endpoint security. It’s no surprise that hackers are increasingly focusing their efforts on small businesses. Hackers, like animals in the wild, go after the weakest connections. Small companies are the easiest victims right now.
- Despite the significant growth in cyberattacks on small firms and the terrible effects of such an assault, most small businesses still believe it will never happen to them. BullGuard polled 60% of small company owners who believed their organizations were unlikely targets for hackers.
- The average cost of an insider threat to small firms (500 people or fewer) was $7.68 million, according to IBM and the Ponemon Institute’s The Cost of Insider Threats Global Report 2020.
- According to the National Cyber Security Alliance, 60% of all businesses go out of business within six months of being attacked by a data breach. Because this study was conducted in 2015, it’s likely that the numbers have climbed since then.
- Phishing was the most common behavior in small business data breaches, according to Verizon’s 2020 Data Breach Investigations Report
Scary? It definitely is. But — yes, luckily there is a ‘but’ — you can avoid being phished and spoofed and save yourself and your business a lot of money and data. How? Well, stay up to date with the latest email authentication protocols such as DKIM, SPF, and DMARC. Never heard these words before? Worry not. Head to EmailAuth right now to learn all about these and secure your domain before the next cyber attacker comes knocking.
A large number of women, be it a working professional or a housewife, miss out on consuming the all-essential nutrients and best everyday women’s vitamins that are required to maintain the energy levels and stamina to handle a busy lifestyle.
A best daily multivitamin for women can counter such terrible effects by filling up the nutritional gaps in the daily routine and can help to lead a healthy and active lifestyle.
Some of the essential vitamins needed by women which can be available in the best women’s daily multivitamin are as follows:Vitamin D: The ‘best daily vitamins for women over 50’ are produced when the 7-dehydrocholesterol, a type of cholesterol in the skin gets exposed to sunlight.
Muscle weakness, increased risk of fractures, loss of bone density, reduced immune function are a few hazards of vitamin D deficiency.
Calcium: When the body is deprived of calcium, it ‘steals’ it from the bones, thus weakening them in the process.
Osteoporosis is said to be a common ailment in women who have this deficiency.
Everything has moved online, including news, entertainment, and shopping.
Let's not forget about the data breaches that are occurring in e-commerce businesses.
Fraudsters can access a lot of information, including your email, mobile number, and addresses.Let's take a look at some of these massive data breaches.In April 2021, Facebook data leak of 533 million usersIn April 2021, breach of 500 mn Linkedin usersIn February 2019, account details of 422 mn SBI customers compromisedThe fraudster will not wait until they have all the information necessary to move forward.Let's now talk about the after-effects.Cyberattacks can have two consequences for a business: reputational damage and the cost of managing them.Going back to a study done by Accenture and the Ponemon Institute in 2018, the average cost of a malware attack on a company is over $2.5 million and it takes more than 50 days to recover from the attack.Businesses are expected to take out cyber insurance to cover their losses and help them recover.
Are you secure?It is now obvious that all your personal details are out there.Are you wondering what to do/ How can you protect yourself against financial losses caused by cyber crime?
Many Indian insurance companies offer cyber insurance plans for retail customers.This is a relatively new concept in India.
These plans also protect third parties from cyber data breaches that could result in monetary losses for others.Are you wondering how a Cyber Insurance policy can help you?First, the policy will provide potential coverage for the attack and help you recover from it.Cyber Insurance has many benefits, but you need to be aware of its objectives and how it protects.
Global Dynamic Application Security Testing Market Research Report – By Component (Solution, Services), Deployment (On-Cloud, On-Premise), Application (Web, Mobile), Organization Size (Sme, Large Enterprises), Vertical (Bfsi, Healthcare) – Forecast Till 2023 Market HighlightsThe rise in security threats among web and mobile based applications, government support for security concern is primarily driving the market for dynamic application security testing.
With increasing cyber-security threats many SMEs and large enterprises have started adopting dynamic application security testing.The Global Dynamic Application Security Testing Market is segmented into component, deployment, application, organization size, vertical and region.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/5793 Key playersSome of the key players in the market are Accenture PLC (Ireland), IBM Corporation (U.S.), Micro Focus (U.K), Ca technologies (U.S.), Synopsys (U.S.), Pradeo (France), Rapid7 (U.S.), Tieto (Finland), Trustwave (U.S.), WhiteHat Security (U.S.), Hewlett Packard Enterprise (U.S.).
Some of the key innovators in this area are Acunetix (U.K), Cigital (U.S.), Checkmarx Inc., (U.S.), Qualys, Inc. (U.S.), Synerzip Softech India Private Limited (India), Netcraft (U.K), ControlCase, LLC (U.S.), Applause App Quality, Inc. (U.S.), Cognizant (U.S.), Capgemini SE (France), Virtusa Corporation (U.S.) and others.There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.
Due to this, major contribution is made by the U.S., particularly in the testing and deployment of dynamic security application testing.
On the other hand, Europe is expected to show a decent growth considering the dynamic application security testing market.
A Ponemon Institute reports entitled “Man in Cloud Attack” found that data breaching was three times more likely to break out in cloud services than other technologies.
Sometimes, employees forget to log off their PC.
This way, they can identify the things that can put the company’s data into vulnerability.
When they are actively involved in defending company information, a sense of responsibility will be developed within them.
Create a response protocol in case employees feel they are under the cyber threat.
Test your employees frequently to find out if they are practicing cybersecurity methods.
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