SMB Security: The Numbers

SMB Security Infographic

What is a security breach?

A security breach is when data is released into an environment that is, or could potentially, be unsecure. This is often due to an attacker using illegal methods to gain access or information that they should not have. Anyone can be at risk of a security breach, with both individuals and businesses being a potential target. It can be hard to spot a security breach, especially if it is being conducted by an experienced attacker. They often keep a low profile and hide the attack amongst legitimate processes in order to gain access without being noticed as illegitimate.

With cyber attacks on the rise, security is more important than ever. According to a study by Hiscox, within the last year, 47% of SMBs have experienced one or more cyber attacks, in comparison to 33% the year before.

Email is the number one threat

Email is one of the easiest ways for hackers to gain access to private information, with phishing making up 91% of all cyber attacks while 66% of malware is installed via malicious emails and attachments.

In today’s society, most people have an email account, but they are often not adequately protected. It is especially important for businesses to understand the threats so that they can take action to secure their accounts, however, 67% of business are currently ranked as novices when it comes to cyber security.

What is the cost of a security breach?

Today, the average cost of a security breach in the UK is £4,180, increasing from £3,160 in 2018 and £2,450 in 2017. Usually, an attacker’s end goal is money, which can have a devastating effect on a business. The fines and legal costs, particularly if personal data or financial information is leaked, can be extremely high. This has the potential to make it impossible for the victim to resume business. However, the impact it can have on a company extends far beyond money. It can also severely damage the reputation of the business, as potential or existing customers may feel that they cannot trust the business to keep their data safe, resulting in loss of business.

How to protect yourself from a security breach

By utilising an email security system, you can filter malicious emails, blocking those that you know to be spam or potentially dangerous, from being able to get to your inbox.

Make sure that you install and maintain antivirus/antimalware software on your devices, regularly running scans to ensure that your device contains no viruses. Additionally, keeping your operating system up to date can minimise risks.

Learning how to spot websites, emails or links that could be suspicious is also very beneficial. Common tactics by hackers include masquerading as legitimate companies, making small spelling errors that could go unnoticed. Keeping an eye out for such discrepancies can help protect you.

To find out how you can protect your customers’ businesses with Guardian Security from Digital Wholesale Solutions, contact us today.

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