Cyber Security Protection

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Security Threats

The current cybersecurity landscape is complex and constantly evolving, with small and medium-sized businesses (SMBs) facing a range of threats.

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Denial of Service (DoS) Attacks

These attacks overwhelm systems, causing service disruptions. They account for 11% of incidents.

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Insider Threats

Employees or other insiders may intentionally or unintentionally cause security breaches. Insider threats affect 8% of SMBs.

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Third-Party Exposures

Vulnerabilities in third-party software or services can be exploited by attackers. This type of threat impacts 7% of SMBs.

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SQL Injection

Attackers exploit vulnerabilities in web applications to access and manipulate databases. This threat affects 5% of SMBs.

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Zero-Day Exploits

These are attacks on previously unknown vulnerabilities, making them particularly dangerous. They account for 1% of incidents.

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Malware

This includes viruses, worms, trojans, and ransomware. Malware is one of the most common threats, with 18% of SMBs experiencing attacks.

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Phishing

Phishing attacks involve tricking employees into providing sensitive information, such as login credentials or financial details. These attacks account for 17% of incidents.

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Credential Theft

Cybercriminals steal usernames and passwords to gain unauthorized access to systems. This type of attack affects 13% of SMBs.

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Ransomware

Ransomware encrypts a victim’s data and demands a ransom for its release. It is a significant threat, impacting 12% of SMBs.

Trends and Challenges

  • Increasing Attack Frequency: 62% of SMBs have experienced at least one cyberattack in the past year.
  • Rising Costs: The average cost of a cyberattack for SMBs is around $25,000.
  • Sector-Specific Threats: Certain industries, such as healthcare (59%), financial services (47%), and government (43%), are more frequently targeted due to the sensitive data they handle.
  • Human Error: Many cyber incidents are caused by human error, such as misdirected emails or improper handling of sensitive information.
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Best Practices for SMBs

  • Implement Strong Password Policies: Use complex passwords and change them regularly.
  • Educate Employees: Conduct regular training on cybersecurity best practices and how to recognize phishing attempts.
  • Use Multi-Factor Authentication (MFA): Add an extra layer of security to protect against credential theft.
  • Regular Backups: Maintain regular backups of critical data to ensure quick recovery in case of an attack.
  • Update Software: Keep all software and systems up-to-date to protect against known vulnerabilities.
  • Monitor Networks: Use tools to continuously monitor network activity and detect potential threats early.

By partnering with Peak Technology Solutions to better understand these threats and implementing best practices, SMBs can better protect themselves against cyberattacks and maintain a secure IT environment.