Are SMBs ‘Too Small’ to Be Breached?

Given our focus on helping small to medium-sized businesses (SMBs) improve their cybersecurity, we are often asked to qualify the minimum size of organization that benefits from our service.  In fact, IntelliGO predominately caters to the “M” side of the SMB equation, but we do have our fair share of smaller organizations that benefit from the tremendous value an MDR service offers, especially when compared to (gulp) an MSS or (GULP!) deploying a stand-alone product in-house.  In recent years, it has become apparent that it is the smaller organizations that are even more exposed to risk than the medium or even larger organization.  That exposure manifests itself not in the actual potential to be breached (after all, smaller organizations have a smaller attack surface) but rather in the increased risk of devastating consequences when they are breached.  Their viability as a business is even threatened.

Recent reports indicate that over 60% of firms don’t have up-to-date strategies (if any) to detect and prevent breaches, and an even more alarming number don’t have a plan of action in case they do suffer from a cyber breach.  This suggests that since all organizations are vulnerable to cyber-attacks, it is the smaller organizations that are left defenseless (check out our post on post-breach steps).  The price they will pay is much higher than damage to their reputation or brand; the massive recovery and clean-up effort; not to mention any potential financial loss or fines associated with data loss; in fact, greater than half will pay the ultimate price and simply go out of business.

Just how do attackers infiltrate the meager defensive tools smaller organizations have? Here are some basic attack methods:

  • Spray & Pray: Hackers release variants of malware into the wild, automating attacks (Read more...)

*** This is a Security Bloggers Network syndicated blog from IntelliGO MDR Blog authored by Effi Lipsman. Read the original post at: https://www.intelligonetworks.com/blog/smbs-too-small-to-be-breached