ITM Tech Cybersecurity Essentials Booklet - Flipbook - Page 4
Introduction
Cybercrime and cyber attacks are
becoming more prevalent with
each passing day. Over half of small
and medium businesses (SMB)
have reported being the victims of
cybercrimes. Every day, there are
new headlines about data breaches,
hackings, cyber attacks, and various
forms of crimes against businesses.
In a survey, over two-thirds of the
participating businesses had suffered at
least one cyber attack, while one-third
had experienced the same in the last
12-months.
66% of small business
are very concerned
about cyber security
risk.
Cybercrime is a significant threat to
businesses. It can lead to disruption
of operations, breach of business and
customer data, unauthorised access to
networks, and more. The average cost
of a data breach for a small-to-medium
business is a staggering $149,000. On
top of that, 80% SMBs worry about
becoming the target of cybercrime in
the next six months.
Additionally, cyber-attacks remain a
worry whether we are talking about
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the cloud or through emails.
Many governments have moved to the
cloud but are looking for better ways
to protect their data. A part of that
is to increase collaboration between
intelligence and law enforcement
agencies worldwide to tackle crime.
The popularity of smartphones and
the increased use of apps also pose
a significant risk to mobile security.
Consumers use apps to input sensitive
information like personal, financial and
banking information. These apps will
need to evolve with new technologies
to continually find new ways to resist
attacks and data leaks.
Additionally, as more and more
Percentage of Organizations
who DO NOT HAVE these critical
Cyber Security Solutions in place.
56%
52%
51%
45%
43%
40%
37%
31%
Specific cyber security “experts” in the organization
Incidence repsonse planning
Cyber security insurance
Document Management
Endpoint protection
Security awareness training
Network protection
Email security
51% of small
businesses say they
are not allocating
any budget to cyber
security.
applications are moving to the cloud,
malicious actors are getting better at
evading detection by standard security
measures and protocols. The act of
distributing ransomware and holding
sensitive data is on the increase as
organisational data is going beyond the
control of the company.
Evolving from simple malware,
ransomware has become more
sophisticated and efficient.
Cybercriminals are now targeting the
local backups, which foil the efforts of
the security staff to restore encrypted
data.
This threat is no longer limited to local
networks, ransomeware attacks remain
a problem in cloud environments.
Email remains the most favored method
of cybercriminals. Over 91% of attacks
are initiated by email. Traditional
antivirus programs cannot identify the
