Beyond investing in antivirus and firewalls, how can SMBs improve their cyber security? Tabby Farrar, Senior Outreach Specialist, outlines some crucial cyber security fundamentals for small businesses.
Whatever type of business you run, it is almost inevitable that it will become the victim of some form of cyberattack – if it hasn’t already.
While the general public may only hear about the most high-profile attacks, such as those against major corporations like Facebook or British Airways, small businesses are actually the most likely to suffer a cyberattack. One report estimates that small businesses make up 71% of all ransomware victims.
To understand why SMBs suffer the majority of breaches, it is important to understand the motivations behind a typical cyberattack. While some hackers will identify large targets, most will be aware that around two-thirds of data breaches are the direct result of preventable human error.
Couple this with complacency, with SMBs feeling that they are not big enough to be noticed or have nothing worth stealing, and it becomes clear why wide-reaching attacks such as ransomware are so common.
What can SMBs do beyond investing in antivirus and firewalls? Many lack the resources to dramatically increase security spending, but thankfully there are a number of effective measures that allow SMBs to improve the fundamentals of their security, significantly reducing the chances of suffering an attack.
Also of interest: Top five human errors that impact data security