Contributed by Tripti Mittal
The smaller companies with practically no budgets for spending on cybersecurity systems, face a much bigger challenge.
According to Accenture, about 43% of cyber attacks target smaller organizations and only 14% are prepared to defend themselves. These incidents of cyber hacking cost businesses of all sizes, about $200,000 on average (Hiscox). Keep in mind that more than half of all small businesses have suffered a breach of some of the other sort within the last year.
According to Keeper Security’s 2019 SMB Cyberthreat Study, 66% of senior decision-makers at small businesses still believe they’re unlikely to be targeted by online criminals. Similarly, 6 in 10 have no digital defense plan in place whatsoever, underscoring the need for heightened industry awareness and education across the board.
Every organization big or small is vulnerable. It is imperative, therefore, that even the smallest of organizations have to keep cybersecurity as an important part of their business plan and strategy.
Cyber hacking can be prevented to a great extent if the employees are aware of the basics of cyberattacks. Cybercriminals launch thousands of attacks to compromise your operations at every turn. This can be through emails, shared documents, and .exe files. If all the employees are trained properly and are aware of the ways the cyberattacks are carried, the organizations will become less vulnerable.
Organizations should put protocols in place and continuously monitor the activities that can lead to cybercrimes.
And how are you protecting yourself and your organisation?