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87% of Businesses Hit by Cyber Attack Last Year

You may think that cyber-attacks only happen to large corporations. But, that's not the case. In reality:

  • 61% of small to medium-sized businesses were hit by Cyber Attacks in 2021. That percentage continues to increase every year.

  • Nearly 40% of small businesses lose critical data in a cyber attack. Some never recover.

  • 37% of all ransomware attacks hit companies with less than 100 employees.

  • Ransomware is on the rise, accounting for 23% of attacks in 2023. That’s up from 2% in 2019.

  • On average, a company suffers almost 5 successful cyber incidents.

These are staggering numbers and should serve as a wake-up call for businesses everywhere.

Unfortunately, it gets worse.

More and more businesses are also experiencing repeat attacks, with 38% reporting at least two successful attacks in 2022. This means that they were hit twice or more, either by the same or by different ransomware attackers.

Terrifying.

The question is, why are cyber attacks happening, and what can you do to prevent them?

The most common types of cyber attacks that businesses face are malware and ransomware.

Malware is malicious software. It invades your system and can cause all sorts of problems, from slowing down your operations to stealing your data.

Ransomware is even more dangerous as it encrypts your data, making it impossible for you to access it unless you pay a ransom fee. This can be devastating for any business and can lead to significant losses and downtime.

What factors are contributing to more successful attacks?

  • One reason is the rise in BYOD (Bring Your Own Device). This means employees using their personal devices to access company information, which can be risky.

  • Another factor is the explosion of productivity apps, which can create security vulnerabilities if not properly secured.

  • Finally, the number of devices we're using now means there are more entry points for cybercriminals to exploit.

The good news is that there are steps you can take to protect your business from cyberattacks.

Here are 5 solid I.T. security steps you can take right away:

  1. Use strong passwords: Passwords are your first line of defense, so make sure they're strong and unique. Better yet, use a password manager that can create and remember randomly generated passwords

  2. Keep software up to date: Software updates often contain security fixes, so make sure you're always running the latest version. This applies to both your operating system and all applications you use

  3. Train your staff: Educate your employees on how to identify phishing emails and other scams. You can also run regular security awareness training sessions to keep everyone up-to-date

  4. Backup your data: Doing this means if you do suffer a cyber attack, you can restore your systems quickly and with less disruption

  5. Use antivirus software: This can help protect your systems from malware and other threats. Make sure you're running a reputable and up-to-date solution

Remember, prevention is always better than cure. Take action today to help you stay protected.

And if that seems like a lot of extra work, let us help. Your I.T. team is here.


Russell Halecyber security, cyber attack, small business, LEGAL