Small Businesses Top the List of Cyber Security Victims!

By RMON Networks | May 30, 2019

The 2019 Verizon Data Breach Investigations Report is hot off the press! The report looks into thousands of the most recent data breaches and incidents. It identifies important trends and generates future predictions to help you understand today’s cyber security landscape. This summary will arm you with important information so you can protect your company from the threats all businesses currently face.

Local organizations are constantly at risk. Just a few months ago in March, the internet was shut down in Lynn, MA, schools for THREE WEEKS due to a computer virus. Unfortunately, attacks like this can happen to your business at any moment. Read on to find out about the top cyber security threats in 2019.

The Results – Small Businesses Should be Concerned

First off, 43% of breach victims are small businesses. They are 27% more likely to be attacked than public sector entities, which make up 16% of breach victims. 52% of these incidents involved hacking. The amount of social attacks nearly doubled from 17% in 2018 to 33% this year.

C-level executives are 12 times more likely to be the target of social incidents. One popular method of targeting higher level personnel is whaling. Whaling is a very sophisticated and highly targeted version of a phishing scam. In addition to whaling, general phishing scams and the use of stolen credentials are the 2 most common ways hackers can gain access to your sensitive information. Stolen credentials are also increasing how cloud-based email servers are getting hacked.

“This is not an indication that cloud-based services are less secure, however. It is simply that phishing attacks, credential theft and configuration errors are a natural by-product of the process.”

– 2019 Data Breach Investigations Report, Executive Summary

This acts as a reminder to always be vigilant of phishing scams even if you use the cloud.

Mitigation – Based on What We See We Recommend

The best way to keep yourself safe is to invest in your cyber security. RMON Networks provides the most advanced multi-layered Cyber Security Solutions for businesses located in the New England area. With cyber security management in place, you need to focus your efforts on security threat education. Since phishing emails are still among the most common breach methods, arming yourself with knowledge about warning signs can reduce your risk. We made this Email Phishing Training video to help kick start the training process. Incorporating cyber security awareness training like simulated phishing campaigns can be a huge way to lower threats.

Weak passwords are the most common ways that cyber criminals can infiltrate your network. Consider using a password management service paired with multi factor authentication to lock down your company’s sensitive information. Dark web monitoring is also paramount to your organizations cyber security practices. RMON Networks Dark Web Monitoring Service detects compromised credentials in real-time on the Dark Web. We notify you immediately when these critical assets are compromised, before they can be used for identity theft, data breaches, or other crime.

Cyber Criminals Don’t Care About the Size of the Business They Are Attacking. They Only Care About One Thing: MONEY.

Keep your company’s earnings safe by heeding this advice and remaining vigilant with cyber security training. Hackers will never stop taking advantage of small businesses so you should not turn a blind eye to network security.

Do you know how your network holds up to today’s standards? Sign up for a network audit of your current IT systems, which will reveal in-depth insights of your current network infrastructure. We will work with you to keep your data safe!

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