Cyber crime up 600%, small businesses a favorite target

Cyber crime up 600%, small businesses a favorite target

Small-to-mid-sized businesses are the fastest growing target for cyber attacks. But, no one seems to believe it until it happens to them.

We’ve all read and heard about the major attacks on cities, healthcare systems, and large enterprises and know that those all recovered eventually. We didn’t hear how or how much it cost them. We just know, for example, that Target is still around and Yahoo still exists and Atlanta is still a city.

But, the reality is that entities of that scale and scope have the resources to 1. recover, and 2. invest in updating to state-of-the-art security to prevent being hacked again – or to at least limit the future damage.

Their recovery, however, obscures reality for most of us. Small-to-mid-sized businesses obviously don’t have the resources of enterprises and governments. If most of us get attacked, it is an existential attack on our business and our livelihood.

In fact, 60% of small companies go out of business within six months of a cyber attack.

Think about that!

Now, consider that cyber crime is up 600% just during the Covid-19 pandemic and that over half of that is targeting software systems that are 5 years or older.

Incremental security solutions invariably close one vulnerability while ignoring or exposing another. Security is an architectural philosophy more than a patch.

If your system is 5 years or older, the first step to increasing your security is modernizing your architecture and ensuring you’ve got the right constructs in place for things like logical and physical data isolation, data backups, encryption, monitoring, remediation plans, and so forth.

None of this has to be built from scratch. In fact, it shouldn’t be. It’s too expensive and too likely to come with its own new set of problems. Your security foundations should be built on proven, standardized implementations that align with today’s best-practices.

BOS has built these foundations and has helped more than 20 companies ensure their software and their business are built on secure ground.

We’d love for you to be next. We’d love to help keep your business from being another casualty of the dramatic increase in cyber attacks.

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