In 2023, security company BlackFog found that cybersecurity attacks successfully hit 61% of small and medium businesses within the past year. As many as 43% of all data breaches target small and midsized enterprises, probably because they are less likely to have robust IT and security teams. For small businesses, it is essential to understand what cybersecurity is, what it encapsulates, how to use it, possible cybersecurity compliance requirements, and the impact of cyberattacks.
You may have seen it in the news, but another major company has been a victim of a nasty ransomware attack that disrupted services and customers for over ten days. This time, the victim was MGM Resorts in Las Vegas.
What separates this major incident from others is that the hackers pulled the malicious attack off using one of the oldest tricks in the book: social engineering. So, what happened, and what can we learn from this?
Business gets more digital every day. Your business likely has an online presence and sensitive data. Companies often have to innovate and embrace new technologies to stay ahead of the competition, and while this innovation is exciting, it also comes with some risks.
Improving communication within an organization has been proven to increase productivity; that’s easy to see. A study by SalesForce found that more than 80% of employees and executives believe weak communication is the main cause of workplace failures. What might those workplace failures look like? Missing a deadline or offending a client are bad outcomes, but we also need to prepare against exposure of sensitive or personal information.
In this series, ProCircular’s team of information security specialists break down the top cybersecurity risks for small and medium-sized businesses in 2023. How do SMBs prepare for cybersecurity threats and prevent security incidents? Trevor Burke lays out the best ways to get leadership’s support behind security investments.