To cut this time down, it is important for SMBs to establish robust protocols that can be followed in the event of a cyberattack. A third (32%) said it took between seven and 12 weeks, and only a fifth (21%) said it took less than two weeks. Investigation and reconfigurationįor SMBs that experienced a breach, it typically took several weeks to investigate the attack and reconfigure IT systems to prevent similar attacks in the future. This includes implementation of multi-factor authentication (50%), insistence on the use of a corporate VPN (50%), keeping remote access tools up to date (49%), and using more secure configurations for remote access tools (37%). However, many are taking steps in the right direction. Worryingly, 70% of SMBs warned that their investment in IT security had not kept pace with the changes to operational models they were forced to make during the pandemic, and 77% said they will continue to use technologies designed to ease hybrid working – such as Remote Desktop Protocol (RDP) – despite the security risks. A third even said they had been breached more than once. In our survey of over 1,200 SMB cybersecurity decision-makers conducted last year, two-thirds (69%) said they experienced a breach or acted upon a strong indication of one in the past 12 months. Business leaders should consider how they would mitigate the damage that a cyberattack could do to their business, whether that be a loss of sensitive customer data, theft of financial information, or an erosion of customer confidence. However, with new threats constantly emerging, it is crucial that SMBs, which may have less resilience to confront security incidents, not only put in place measures to reduce their chances of suffering a breach, but also prepare themselves for the worst-case scenario. And with so many IT platforms used by both small and medium-sized businesses (SMBs), and the enterprises they often support, criminals can leverage a large variety of tools and techniques that promise to deliver ill-gotten gains at scale. While the news tends to feature breaches involving major companies, it would be wrong to assume that only large enterprises are targeted by cybercriminals.Īlthough these incidents grab the most headlines, criminal activity in the digital world often shows little in the way of preference. The prevalence of cyberattacks continues to rise, with our telemetry showing a 13% increase in cyberthreat detections in 2022 year-on-year. SMBs need to not only reduce their odds of being hit by an attack, but also implement processes that they can follow if their defenses are breached
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