Ransomware attack hits Colonial Pipelines…
Cyberattacks target CAN financials…
Hackers target Ireland Health services..

Sounds familiar? For sure, they were all over the news! These attacks costed companies millions of dollars and a huge amount of loss of services, not to add the trust they lost with their clients who are not sure if their data is safe anymore.

We all think that hackers or cybercriminals target big companies because they can pay them huge amount of money. Sure, we are right to an extent, but you will be surprised to know that Small and medium-sized businesses are increasingly common targets of a cyber-attack. Almost 40-45% of cyber-attacks in 2020 were targeted at SMBs. SMBs often have weak cyber security capabilities (You will be surprised that some have none).

It may take a team of cyber criminals few days to months to exploit a big organization security, but they might be able to gain access into a SMB network in a couple of days or hours. One wrong click!! That’s all it takes at times sometimes.

Some SMB might not even recover from the attack even after paying ransom. In the end, what’s the guarantee you will get your data if you pay? Now what, you are closed for few days and lost business; lost trust of your clients who found out about the breach or are affected from the breach; you lost data which you may or may not recover. Add the money spent on top, which can be either paying for access and data or hiring a security company to revamp the network security and recover data, that is a big hole in the pocket.

So the question is, “Why don’t some SMBs have a secured network?”

The most common answers are “COST and NEED”. Some business owners feel securing the network can be very expensive. Review vendors, call a company, buy equipment, install it, trainings….too much work, too complicated and too much money. Some just don’t feel the need, “We are too small of an organization – All our data is on cloud – and the best one, we never got hacked so I think we are doing fine.

According to the National Cyber Security Alliance 60 percent of small and midsized businesses that are hacked go out of business within six months.

The biggest factor to secure your business is training and awareness for users to identify threats. Here is a fun link we found for Security Awareness training by Staysafeonline.org which can help. Next, you need a shield to secure your fort.

With so many options available now, it’s much cheaper and way less complicated to install a secured network solution. The competition in the security industry have introduced a lot of new players who not just have competitive products, but a great price for the value they can bring.

Finally, you need a reliable team to install and configure it. This is where Evology comes in. Reach out to us and we can suggest you a security solution which matches your needs and won’t break the bank. Book a free, no obligation call with us and let us help you secure your business.

Curious to know how we can help businesses like yours achieve digital success and stay secured? Reach out to us at team@evologysolutions.com and let’s get started.