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SMBs are Currently Incapable of Managing Cyberattacks

SMBs lack the security awareness needed to strengthen their defenses.
Videoconferencing is a tool that businesses utilize to discuss corporate plans as well as judicial, military, healthcare, or other issues. For a business, its staff, clients, and customers, the theft of that data may be fatal.
 
However, a recent analysis of videoconferencing security by the Aite-Novarica Group revealed that 93% of the IT experts polled were aware of security flaws and severe hazards in their videoconferencing platforms.

The majority of the 847,376 public cyberattacks and malware activity criticism received by the FBI's Internet Crime Complaint Center was made by small businesses, according to Sohn. In the past six months, over a third of SMBs reported that the attacks they experienced became more complex, and 45% also reported an increase in attack frequency.

In the past six months, over a third of SMBs reported that the attacks they experienced became more complex, and 45% also reported an increase in attack frequency.

Businesses are aware of technological solutions that can help SMBs with this issue. To manage it and provide a comprehensive, or front perspective on visibility, four out of five (80%) respondents said they would prefer to have an all-in-one safeguards solution. They are also contemplating Zero Trust Network Access as a network security measure.

According to a recent Forrester report, 68% of companies want to increase their financial commitment to Zero Trust efforts. 22% of buyers involve individuals from non-IT departments in the software evaluation process. Too many SMBs exclude other significant stakeholders who can offer additional insight into how the software will be utilized daily, even though IT teams should be consulted in every software acquisition to ensure compatibility with existing tech infrastructures.

According to experts, the risk is particularly acute for small and medium-sized businesses (SMBs). Before the pandemic, this group of people relied significantly on video communication to reduce travel expenses.SMBs could also lack the internal knowledge or security awareness needed to strengthen their defenses. Implementing very basic cyber wellness, such as two-factor or multi-factor authentication techniques, may have prevented such attacks.




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