How Cyber Attacks Are Challenging

Small Businesses?
In previous years renowned companies like Yahoo, British Airways, Marriott
International, etc. were targeted by cyber attacks. But there is another chapter
to be enlightened.

While businesses of all categories and all sizes are being attacked, the smaller
companies seem to be unshielded and more prone towards getting trapped in
cybercrime.

The small and mid-sized businesses have become a major target for
Cybercriminals. The main reason is that these normal companies are struggling
to keep their data safe from cyber-attacks.

It is witnessed that when you become a target of a cyber attack, you’ve got
yourself out from the track. Research reveals it barely takes less than six
months for your business to get knocked out.
Small businesses are subjected to cyber attacks because their online security
system is not as strong as the ones in big firms. Initially, it is important to have
free antivirus for small businesses.

The statistics of 2019 reveals that in the past 12 months around two-third of
Small and midsized businesses (SMBs) have been targeted under cyber attacks.
63% of the cybercriminals target small businesses.

Ransomware attacks from the previous year have escalated by 11 percent. The
costs incurred by these costs are shattering; approximately the same is
estimated to be around $3million.

54% of the SMB’s believe that their companies are “too small” to be a
Ransomware target.

Hackers are aware of this fact that small to medium-sized organizations spend
less on online security than their equivalent assets in the company. Instead, it
makes much easier for hackers to acquire their systems.
Some of the statistics of the top SMBs in context to cyber attacks are as
follows:

● 43% of all data breaches target SMBs.

● Verizon’s recent Data Breach Investigation Report (DBIR) revealed that
almost half of the total breaches happened to be found in small
businesses.
● There was around a 424% increase in authentic and new breaches in
2018 in comparison to the previous year.
● 83% of SMB’s have a shortfall of funds to deal with the consequences of
the cyber attack.

Average cyber-attack costs nearly about $3million.

What could be the possible reasons for SMBs to be a target for cyber attacks?

● Absence of an IT department:
SMBs which have limited capital and resources lack to hire a team of IT
professionals who can keep an eye on the company’s networks, devices,
websites, servers, and online operations.
The reason being, they are more open from their end for cybercriminals round
to clock.

Often the fact that the cost of hiring IT professionals is way too high has kept
the companies risking their safety.

● Basic network and systems:

Comparatively, SMBs have a very basic setup of networking than the big firms.
The systems are mostly outdated and obsolete.

They should be updated with networks and systems which have advanced
security and with encryption to prevent the disclosure of businesses
information.

An updated network and system would make it quite hard for the
cybercriminals to break into the system.

This problem seems to be never-ending. But there are measures with which
cybercrime issues can be set to hang out to dry.
First things first, there are numbers of free antivirus for small businesses.

Start using a cloud-based antivirus. Reason Security antivirus is the best

suitable free antivirus for small businesses and the best solution to this
problem.

It’s easy to use interface make it quite accessible to be utilized by everyone;

companies who find it tough to hire IT professionals they can have this small
business managed antivirus.

Reason security antivirus is the right option in the case of small business
managed antivirus because its standard plan covers all major features required
to protect the system.

Reason security antivirus is the best option in terms of small business managed
antivirus as it will protect your system with its features like its compatibility,
email scans and lightweight antivirus software.
Despite the availability of numbers of antivirus for small business in the
market, the staff of the companies should also be trained to keep an eye and
think twice before clicking any email or link which seems to be tempting.

A survey reveals that more than 1300 SMB owners expressed that more than
80% of the businesses lack money which they might need to recover from a
cyber attack.

Unfortunately, there are plenty of business owners who have a mindset that
has convinced them that their businesses are too small to be of interest to the
hackers.

From the surveys revealed it is quite obvious that small and medium-size
businesses are tempting targets for cybercriminals.