We live in a world where cyber threats are pervasive. Every day, billions of attacks are launched against businesses, individuals and governments. Many businesses believe that they are too small or too under the radar to have worry about cybersecurity. The truth is that today, everyone needs to care about cybersecurity and take concrete steps to address cybersecurity issues.
Cybercrime is huge business
Cybercrime is one of the biggest challenges facing humanity over the next few decades. It is one of the largest industries in the world, and cybercrime is projected to cost businesses and people $6 trillion annually by 2021. It will be the single most profitable illicit activity worth more than every illegal drug trade combined.
Attacks are automated and hit soft targets
The vast majority of cybercrime today is fully automated. Automated computer systems and botnets are trolling the internet looking for soft targets that can be hit with minimal or no human action. These automated attacks are generally too simplistic to get into well-maintained and protected IT systems; however, the majority of systems are soft targets because they are not actively maintained and protected.
Cyberthreats pose a more existential threat to smaller firms
Large enterprises are far more likely to have the financial and technical capabilities to weather a serious cybersecurity breach. With money, sophisticated response plans, and distributed systems, it is less likely that an attack will able to completely devastate a large company. For smaller businesses, this is not the case as they will often have single points of failure that can be absolutely crippling.
Addressing vulnerabilities is both easy and inexpensive
Robust cybersecurity does not need to be extremely expensive or challenging. Smaller firms have less elaborate systems that are easier to protect. JPMorgan needs to protect its systems against far more sophisticated threats than a small accounting firm or a boutique hotel. And there are many steps businesses can take on their own that cost nothing.
With the rapid growth in the volumer of cybercrime, it is imperative that businesses of all sizes take seriously the threats they face. A modest investment of time, energy, and resources to building a robust and redundant system with an action plan is necessary.
At Newplan, we work with businesses large and small to help design and manage secure IT systems. Contact us today for a free consultation.