The threat is out there. And that’s not just a scare tactic, we assure you. It’s just reality. If you’re asking yourself, “How vulnerable is my business IT to cyber attacks?” and if you haven’t taken pre-emptive cybersecurity measures, your organization is already behind the curve.
Some businesses – particularly small businesses – tend to think they’re too insignificant to be at risk. “Why would cybercriminals target us? We don’t have much worth stealing.” We’ll say this once out loud: ANY BUSINESS CAN BE VULNERABLE TO CYBER ATTACKS!
Of course, cyber criminals are opportunistic. They probe cracks and weaknesses in business IT systems for the greatest gain possible. As they’ve become more sophisticated, however, they’ve learned to infiltrate networks of all scopes and sizes to cast a wider net, placing even the smallest of businesses directly in their crosshairs.
In this blog post, we’ll shed light on the vulnerability of ALL businesses to cyberattacks and provide eye-opening statistics that highlight the importance of enhancing cybersecurity measures across the board.
Cyber Attacks are an Ever-Present Threat to Business IT Systems
Here’s an alarming statistic: In 2022, a staggering 61% of small and medium-sized businesses experienced a cyber attack. You’re likely friends with dozens of fellow business leaders. Whether you know it or not, more than half of you fell victim to cybercriminals last year! This statistic underscores the harsh reality that small businesses are prime targets for malicious actors.
Here are some more details behind this unfortunate reality:
The Prevalence of Malware Attacks
Malware remains a significant threat to small businesses. This malicious software (hence, mal-ware) is designed to disrupt, damage or gain unauthorized access to business IT systems. A shocking 18% of cyberattacks targeting businesses involve malware. Such attacks can lead to data breaches, financial losses and severe business disruptions.
The Looming Ransomware Threat
Ransomware, a type of malware that encrypts a victim’s data and demands a ransom for its release, has seen a substantial rise in attacks against businesses. In 2021, a concerning 82% of all ransomware attacks targeted companies with fewer than 1,000 employees. Even businesses with fewer than 100 employees were not spared, accounting for 37% of all ransomware victims.
A Constant Stream of Targeted Malicious Emails
Small businesses are bombarded with malicious emails, including phishing attempts, at an alarming rate. On average, one out of every 323 emails received by small businesses contains malicious content. These threats pose significant risks, especially given that employees at smaller companies experience 350% more social engineering attacks than their counterparts at larger enterprises.
Data Vulnerability & Lack of Cyber Insurance
More than 87% of small businesses house customer data that could be compromised in an attack. This includes sensitive information like credit card details, Social Security numbers and more. What’s even more concerning is that 27% of small businesses with no cybersecurity protections at all STILL collect customers’ credit card information.
As for cyber insurance, only 17% of small businesses have it in place. This means the financial impact of a successful cyberattack can be devastating, often resulting in significant financial losses, operational disruptions, potential customer lawsuits and damage to reputations.
Protect Your Business: Bolster Your Business IT Vulnerabilities Against Cyber Attacks
The reality is clear—small businesses are not exempt from the relentless threat of cyberattacks. Ignoring cybersecurity concerns or assuming that your business is too small to be a target is a dangerous gamble.
Investing in robust cybersecurity measures – including antivirus software, firewalls, VPNs, and multi-factor authentication – is a crucial first line of defense. Moreover, training your staff on cybersecurity best practices is equally vital in preventing attacks.
Remember, the cost of a cyberattack extends far beyond financial losses. It can impact your reputation, customer trust, and even the very survival of your business. Don’t wait until it’s too late; prioritize cybersecurity to protect your business and its future.
Contact Acme Business for Robust Business Cybersecurity Solutions
Many business owners mistakenly believe that hackers only target larger corporations, but the truth is that smaller companies are increasingly becoming attractive targets for cybercriminals. Contrary to popular belief, cybercriminals don’t discriminate based on business size. In today’s digitally connected world, small businesses are no longer immune to the growing threat of cyberattacks.
If you’re unsure about where to start or need guidance on bolstering your cybersecurity defenses, reach out to Acme Business. Our experts can assess your specific needs and provide tailored solutions to ensure your business remains secure in an increasingly digital world. Take the first step today in safeguarding your business against cyber threats.
Call Acme Business at (716) 372-1325 and let’s pave the way for a fortified digital future together. We partner with POWERFUL cybersecurity software providers like SentinelOne. Connect with us on LinkedIn for frequent updates on industry trends and to explore tailored solutions that match your unique cybersecurity requirements.