In 2003, a major study reported that a web-based attack or hack was occurring at the alarming rate of every 39 seconds. Now take a moment to sing ‘Seasons of Love’ from the musical Rent, preferably out loud. That is 525,600 minutes of cybercrime opportunity and a multitude of criminals waiting to take advantage.
If you are keeping track, we are almost two decades past that marker and cybercrime is ever on the rise. Data varies from source to source but we can safely assume that attack rates have increased in both quantity and quality since then. In fact, the most recent estimate is that attacks now occur at a rate of every 11 seconds.
This is why it remains extremely important to remember that cybersecurity measures and practices are integral to the sustainability of any business – big or small.
Go Big or Go Home
When looking at the multitude of statistics and facts regarding cybercrime, we need to recognize that our scope of measurement has changed drastically over the years. Simple cyberattacks or hacks used to be a lot easier to track and technology had a lot less going on than it does today. Now that we advancing far more into the world of connectivity, there are a lot more avenues for cybercriminals to exploit.
A report made in 2019 found that incidents had increased by 67% over the previous five years. However, the difference between then and now is that much more data is being mined at once than it ever has been. The loss of any amount of data is taxing but a major loss could put shutters on an SMB forever.
Prevention is the only real way to protect your business against this kind of harm. By consulting outside security experts like Vodigy and doubling down on your cybersecurity practices, you will be off to a good start.
Where did THAT come from?
There are many hidden costs to a cyberattack. One of which is the time, money, and resources spent identifying where security breaches happened in the first place. Often additional forensic or security experts will need to be brought in and they are not cheap.
While the pandemic most definitely influenced cybersecurity statistics this year, a 2020 report states that on average it still took a whopping 280 days to properly identify initial entry points. At this stage, many SMB owners may feel like this is just like adding salt to the wound after what has already been a long, costly, and arduous process.
The target has not moved.
SMB’s (Small and Medium Businesses) continue to be a common target for cybercriminals everywhere. Around 43% of cyberattacks are directed at small businesses alone, which has risen by more than 400% attacks have begun.
Many cybercriminals prey upon the fact that SMBs may either lack the resources to properly gear-up or are just simply too lax when it comes to updating their anti-virus. The good news is Vodigy can help with both. We take pride in providing cost-effective solutions for SMBs and we’ll also make sure everything stays updated.
Vodigy is here to help!
Need help keeping cyber criminals at bay? Vodigy is here to save the day.
Give us call today to speak with our knowledgeable team and set up your free technology assessment today!
