When you say a ransomware breach in business, many people tend to think about cyber attacks against Google and other giant companies.
But, the truth is ransomware attacks are also targeting SMEs (small and medium-sized enterprises).
ATTENTION: Even SMEs are Vulnerable to Ransomware Attacks
In 2022, Forbes reported that SMEs are more likely to be targeted by ransomware breaches compared to larger businesses. This was revealed by the Barracuda Networks, a cloud security firm.
Researchers at the Barracuda Networks analyzed millions of emails across multiple companies between January 2021 and December 2021.
They discovered that a staff of an SME with less than 100 workers is likely to experience over 300% more social engineering attacks compared to an employee of a larger company.
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Cyber Attacks Commonly Attacking SMEs
American enterprise software company Jumpcloud said that ransomware is the most common cyber attack in SMEs. Security researchers said that up to 70% of ransomware attacks are aimed at smaller businesses.
Aside from ransomware, here are other malicious campaigns that are usually attacking SMEs:
- Phishing
- Supply-Chain Breaches
- Software Vulnerability Exploits
- Attack Takeovers
- Advanced Persistent Threats
How SMEs Can Protect Themselves
ComputerWeekly reported that SMEs can protect themselves by establishing their DR (disaster recovery).
This is why DR planning is very critical for smaller businesses, especially since cyber attacks are becoming more frequent.
Here are the things that SMEs need to consider when establishing their DR:
- SMEs must check if investing in infrastructure (physical resources) is worth it when it comes to protecting their systems from cyber-attacks.
- The best option for smaller companies is to rely on cloud DR since it is cheaper and more practical. But, SMEs need to remember that sending data to the cloud can be costly.
- Although in-house DR is not usually affordable, it is still a great option to protect SMEs from malicious campaigns.
- SMEs need to know the most suitable DR providers for their businesses. Top DR providers include Google Cloud Platform, Azure, and AWS.
These are just some of the important details that smaller businesses need to know when it comes to establishing their direct response.
If you own a small business or work for small businesses, you can click this link to learn more about the importance of DR to your company.
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