The Chubb’s Third Annual Cyber Report reveals employee education is key for small businesses to prevent cyberattacks. Even with headline after headline about the latest data breach, people are not encouraged to defend against their cyber exposure.
The goal of the report is to determine the level of understanding individuals have about their cyber risks. While at the same time looking at the steps they are taking to protect themselves.
For small businesses with limited resources, complacency can have detrimental consequences. This is because the chance of a small company going out of business after a cyberattack is highly likely. And the best way to defend themselves is by making everyone in the company more aware.
Cases of unauthorized persons stealing or accessing sensitive small business data like intellectual property, employees’ personal information or even financial records have been rising.
What’s sad is that when a data breach occurs, companies take an average of 191 days to realize it has happened, according to a recent report highlighted by TekMonks, a global enterprise software development and IT services company.
This slow response to cyber-attacks is alarming. It puts small businesses in a precarious position and demonstrates a dire need for cyber-security awareness and preparedness in every business.
ON TUESDAY, A trifecta of tech companies announced that they had thwarted what appear to be significant cyber attacks from Russia and Iran. First, Microsoft CEO Brad Smith announced that the company had caught another round of phishing attacks on political groups in the United States, which it attributed to the Russian hacking group Fancy Bear. Then it was Facebook’s turn. On a call with reporters, CEO Mark Zuckerberg said his company had shut down 652 pages, accounts, and groups affiliated primarily with Iran, though some had ties to Russia. Twitter almost instantly followed suit, saying it too had taken 284 accounts offline, which appeared to have originated in Iran.
A computer malware that has spread across 150 countries appears to be slowing down, with few reports of fresh attacks in Asia and Europe on Monday.
However staff beginning the working week have been told to be careful.
The WannaCry ransomware started taking over users’ files on Friday, demanding $300 (£230) to restore access.
Hundreds of thousands of computers have been affected so far. Computer giant Microsoft said the attack should serve as a wake-up call.