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Why 75% of Cyber Attacks Target SMBs

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These days, the threat of cyber attacks looms larger than ever. No organization is immune to the dangers cyber attacks pose, from the smallest startups to the largest conglomerates. Cybersecurity must be a top priority with these growing risks; however, many organizations think they are protected by “set it and forget it” technology or their internal or external IT department.

With threats increasing, it is becoming imperative to have someone dedicated to cybersecurity. However, with cost reductions on the rise across all industries, adding a resource for this is unrealistic for most companies. Working with a partner focused on the latest and emerging threats can be a much more affordable approach, not to mention the benefit of deep cyber expertise that helps companies stay ahead of new threat areas.

The misconception of cybersecurity

Did you know small businesses are three times more likely to be the target of a cyber attack than enterprise-level organizations? While large corporations may have bigger coffers, they’re also likely to have more robust cybersecurity protocols. For bad actors, small businesses represent a path of least resistance, with only lax security measures standing in the way of a payday.

Despite sitting in the crosshairs of cyber criminals, many companies cling to the misconception that a simple antivirus program is a suit of armor against cyber attacks. While antivirus software plays a role in basic cyber hygiene, it’s like locking your front door while leaving all the windows wide open. Cyber criminals have a vast arsenal of tools at their disposal. A single line of defense just won’t cut it. Layers of protection that monitor your most vulnerable vectors such as networks, users, and systems are the best way to guard against the threats.

Limited scope

Antivirus programs primarily identify and remove malicious software (malware) like viruses. However, the cyber threat landscape is far more diverse. Ransomware, which encrypts your data and demands a ransom for its release, is a growing concern. Phishing emails, designed to trick you into revealing sensitive information, are another prevalent threat. These tactics can bypass traditional antivirus software leaving you exposed.

Evolving threats

Cyber criminals are constantly innovating and developing new methods of attack. Antivirus programs rely on identifying known threats, leaving them vulnerable to zero-day attacks that exploit previously unknown security holes.

False sense of security

The presence of antivirus software can lull business owners into a false sense of security. This complacency prevents them from implementing more comprehensive cybersecurity measures, leaving them open to sophisticated attacks.

The reality is, cyber security requires a layered approach. Antivirus programs are just one element. A holistic strategy that combines advanced tools, ongoing monitoring, and user education is essential.

The realities of ransomware and cyber threats

Imagine waking up one morning to discover your entire network is crippled. Critical data is locked away, inaccessible, and unusable. A menacing message pops up on your screen demanding a hefty ransom for its return. This is the chilling reality of ransomware.

According to tech firm Morgan Lewis, the average cost of a ransomware attack on a business in 2023 is a staggering $5.23 million — up nearly 20% from 2022. This includes not only the ransom but also the cost of downtime, data recovery, and lost trust.

GainSide understands how costly cyber incidents can be for a company — and how diverse the threat landscape is. Relying on outdated or static security measures is like trying to fight a modern war with medieval weaponry. Cyber criminals are constantly adapting their tactics, and a one-size-fits-all solution simply won’t suffice.

A proactive approach to cybersecurity

Reactive solutions leave businesses scrambling to pick up the pieces after a cyber attack. GainSide believes in a proactive approach that enables you to anticipate, respond to, and mitigate threats effectively. Here’s how we help you build a robust cybersecurity posture:

  • Advanced tools and expertise: GainSide goes beyond basic antivirus software. We employ a suite of advanced security tools typically reserved for large enterprises. These tools provide real-time threat detection, intrusion prevention, and vulnerability scanning to create a multilayered shield against cyber attacks.
  • Cybersecurity roadmap: GainSide doesn’t just throw technology at the problem. Our team of experts develops a customized cybersecurity roadmap for your business. This roadmap is a strategic blueprint that outlines your organization’s specific needs, pinpoints areas for improvement, and defines a clear path toward achieving a more secure environment.
  • Education and transparency: Knowledge is power, especially in cybersecurity. GainSide believes in empowering business owners with the knowledge to make informed decisions. Our team provides ongoing education and transparent communication, ensuring you understand the threats you face and the strategies we’re deploying to mitigate them.

A vested interest in cybersecurity

A successful cyberattack can cripple operations, erode customer trust, and inflict lasting financial damage. In fact, 60% of small businesses close after being hacked. By prioritizing cybersecurity and adopting a proactive approach, businesses can safeguard their critical assets and navigate the evolving threat landscape with confidence.

GainSide is ready to protect you. Our commitment to advanced tools, strategic roadmaps, and ongoing education allows you to take control of your cybersecurity posture. Partner with us and take charge of your digital security before you become a target.

Learn more about how to safeguard your business against cyber threats at GainSide.com.
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