Source: Advisen Ltd
Advisen wrote a white paper that examines the cyber threat landscape of small and mid-sized businesses (SMBs), explains the phenomenon surrounding their cyber-risk complacency, and offers actionable suggestions for effectively managing network security risks.The free, 12-page paper is sponsored by The Hartford.
Addressing Small Business Cyber Threats
Gone are the days when small and medium-sized business (SMBs) were able to neglect network security with little consequence. Today, countless organizations of all sizes are victimized daily, and in many cases with crippling effect. This unfortunate trend is highlighted in Symantec’s 2014 Internet Security Threat report which found that SMBs (defined as having fewer than 250 employees) accounted for more than half of all targeted attacks (61 percent) in 2013. This was an 11 percentage point increase from the previous year. In another study by the National Cyber Security Alliance, it was reported that 20 percent of small businesses fall victim to cybercrime each year. Advisen data shows similar trends. Of all the cyber incidents tracked by Advisen since 2000, SMBs represent approximately 60 percent of the total cases.
Despite these statistics, many SMBs choose not to take even rudimentary steps to keep themselves safe and to prepare to respond to an attack. This general lack of cyber threat knowledge and overall complacency put these companies at risk. Read full article >>