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Strengthening cybersecurity is a top priority for many SMBs. However, implementing an effective cybersecurity strategy has never been more challenging. Key reasons for this include:
- Over the past few years, as part of their digital transformation effort, many organizations have updated their systems and tools. As a result of these updates, new devices and technologies that don’t always fit into the traditional security model have appeared on the scene.
- The emergence of Ransomware-as-a-Service (RaaS) has fueled the rise in ransomware attacks. The Devolutions State of IT Security in SMBs in 2022/23 survey revealed that ransomware is now the #1 threat that SMBs are most concerned about.
- The pandemic fueled a rapid and massive increase in the remote workforce. This has greatly increased the size of the attack surface and unleashed a range of new threat vectors.
What’s more, strengthening cybersecurity in an effective and sustainable way is NOT just a technology project: it is now a fundamental business requirement. According to research by IBM and the Ponemon Group, the cost of a data breach for organizations of all sizes has surged to an average of $4.24M (all figures USD) per incident, which is the highest amount ever recorded. And focusing exclusively on SMBs, the financial toll of a cyberattack can range from $120,000 to $1.24 million per incident.
To help SMBs identify some of the essential threats that they need to focus on, Devolutions has teamed up with Petri to produce a new white paper entitled “Essential SMB Cybersecurity Preparation.”
The white paper provides insights and recommendations about:
- Assessing IT security and cybersecurity threats
- Implementing Privileged Access Management (PAM)
- Promoting security awareness for end users
The white paper is available on demand. No sign-up or email address is required. Click here to download [PDF] now.
