Cybersecurity Takes Center Stage…or Does It?

By the DynaSis Team

Cybersecurity, already a hot topic in the news, has moved to an even brighter spotlight now that the presidential candidates are discussing it. The merits of their positions are not for us to debate here. However, their actions underscore the idea that cybersecurity is an issue of concern to the citizens who might vote for them.

Statistics support this viewpoint, especially among the small and midsized business (SMB) community. In May, 2015, Endurance International Group (EIG) released the results of a survey that indicated 81 percent of SMB owners have cybersecurity concerns. Even more (94 percent) “often think” about online security. This is good news, given that SMBs are prime targets. A Verizon study found that organizations with 11-100 employees are 15 times more likely to have their security defenses breached than organizations with more than 100 employees.

Unfortunately, the EIG survey also contained some deeply worrisome statistics. Researchers discovered that 94 percent of SMB owners don’t have cybersecurity insurance. Eighty-three percent handle cybersecurity themselves, often because they don’t think they can afford to employ IT support staff or contract for managed IT services.

In reality, the risk of being breached has become so great that no business can afford not to engage professional help. Attack vectors are evolving so rapidly that it is impossible to avoid them completely. Multi-national, billion-dollar corporations work to manage risk with layers of protection that close security holes, remove or clean infections, detect and stop malicious activities, and provide other lines of defense for corporate systems.

As we head into 2016, we hope all SMB owners will embrace this approach and take action to fortify their companies’ defenses. There simply is no “silver bullet” for security. No single solution will protect a firm. Companies must use a multi-layered approach in order to mitigate threats. Beginning with our first January article, we will be covering various aspects of cybersecurity to help educate our readers regarding this daunting but critical task.

Cybersecurity is complex, and it deserves everyone’s full attention. To ignore it is to accept the consequences of a breach. For an SMB, such an event is almost always financially crippling. In 60% of cases, it will destroy the business within six months.