Fact or Fiction? The Truth About Cybersecurity for Small and Mid-Sized Businesses

Fact or Fiction? The Truth About Cybersecurity for Small and Mid-Sized Businesses


There are many common perceptions about cybersecurity, but many are misperceptions. For small and medium-sized enterprises (SMEs), misinformation about cybersecurity can be confusing and sometimes risky. It’s time to make clear what statements are made and what are fiction.

Fiction: Cybercriminals don’t care about SMEs

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Modern IS cybercriminals are concerned about SMEs, and often use smaller third-party providers to access larger targets. With less budget money and expert cybersecurity resources than their larger counterparts, small and medium-sized organizations often make goals easier, especially in today’s increasingly complex and connected cloud environment. In fact, nearly a third (28%) of data breaches in 2020 involved small businesses, according to the Verizon 2020 Data Violation Investigation Report (DBIR), 70% of which were perpetrated by external actors.

Fiction: Outsourcing cybersecurity is not a realistic option for SMEs

Outsourcing cybersecurity is a great option for SMEs. Taking advantage of a managed service instead of buying a security point solution gives your SME fixed-cost access to technology and business-level experience that you would not otherwise be able to afford. These experienced security teams become an extension of your internal computer equipment and can help you create and improve your overall cybersecurity program and improve your security stance.

Fact: Complying doesn’t mean safe

While it is true that cybersecurity and compliance are often intertwined, they are not the same. An organization can meet the minimum security requirements of the government or industry, but this does not mean that the organization is secure. Your IT / security team needs to be aware of your industry’s compliance mandates, but you also need to be prepared to play an active role in protecting your organization. Instead of trying to take on these responsibilities alone, a cybersecurity provider with proven industry experience can help you meet your compliance obligations, and will also have the technology and experience to keep you safe.

Fact: Cybersecurity fatigue is an issue

Forty-one percent of respondents in both SMEs and large companies report fatigue, according to the Cisco 2020 series of cybersecurity reports for small and medium-sized businesses. IT / security teams and business leaders need to be efficient in managing security, especially in organizations where resources are scarce. Outsourcing some of your tasks to a managed cybersecurity provider can relieve your computer of the stress and exhaustion associated with running your cybersecurity program, and may even help optimize it. .

Fiction: Strong passwords are enough

Strong passwords are important, but passwords alone will not keep your business secure. Other components of a good cybersecurity stance include two-factor authentication and ongoing cybersecurity monitoring. Collecting security events across your IT, network, and application infrastructure, and constantly reporting threats, are critical to enterprise network security. The cybersecurity landscape is constantly changing and the COVID-19 pandemic has introduced a new set of cybersecurity challenges and problems for organizations in all sectors. The good news is that we have seen a marked improvement in the cybersecurity space of SMEs in recent years, thanks to the growing awareness and maturation of managed detection and response (MDR) capabilities. Today, SMEs have access to security products and services that were previously only available to large companies.

Fiction: Antivirus is the only endpoint protection you need

Antivirus solutions are usually based on signatures, which means that the malware they detect is already known. Increasingly, attackers are taking advantage of zero-day vulnerabilities or targeted attacks that traditional signature-based solutions do not “recognize” and will not pick up. Because user devices such as desktops, laptops, and mobile devices now extend beyond your perimeter, the visibility of these endpoints is critical. Endpoint detection and response (EDR) solutions offer this visibility and also complement antivirus protection by leveraging behavior-based signatures, machine learning, and scanning to detect advanced compromises. EDR can also alert, block, correct, and quarantine suspicious behavior as needed.

Fiction: Monitoring my peripheral firewall is the only monitoring required

Your peripheral firewall will only inspect traffic passing through this firewall. Instead, you need to monitor your assets. Network segmentation and network-wide monitoring will provide crucial visibility into the commitments that originate within the network or spread laterally across the network (east-west traffic patterns). In addition, monitoring all applications, databases, file shares, and authentication sources provides key telemetry for threat detection.

Fiction: SMEs cannot afford a cybersecurity program

On the contrary, you can’t afford to NOT have a cybersecurity program. According to the National Cyber ​​Security Alliance, 60% of small businesses that suffer a cyberattack are out of business within six months of the incident. As business organizations expand their cybersecurity, budgeting, and detection capabilities, they become more difficult targets, increasing the focus of attackers on smaller, often less secure, organizations to achieve better ROI.

FACT: Fishing and social engineering are the number one attack vector for SMEs

Humans are the weak link in the cybersecurity chain for businesses of all sizes, and the numbers show that. According to the Verizon DBIR 2022, 82% of violations involved the human element and social attacks such as phishing managed to knock on the door. Top reasons include financial gains, and users with access to your organization’s banking and business systems are likely targets. Protection against these tactics includes strong email security checks, along with end-user safety awareness training and fishing testing as part of your cybersecurity program.

Don’t believe everything you hear. Knowing the facts about cybersecurity allows you to deal with attackers and properly plan your cybersecurity strategy. For many SMEs, point security solutions, tight budgets, and limited experience can affect the effectiveness of your security efforts. Consider partnering with a managed service provider who can give you on-demand access to enterprise-class cybersecurity technologies and the resources to run them, without the complexity or cost of deploying, staffing, and managing them. all yourselves.

Are you looking to strengthen your security position by using a managed service provider? Take a look SilverSky’s leading security services for cybersecurity to be simple, affordable and accessible.

*** This is a SilverSky Security Bloggers Network syndicated blog written by michele-johnston. Read the original post at: https://www.silversky.com/blog/fact-or-fiction-the-truth-about-cybersecurity-for-small-and-mid-sized-businesses/



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