Shelter-in-place and social distancing mean your new commute consists of shuffling to your home office or dining room table, favorite mug in hand, bathrobe secured tight around you. It seems COVID-19 has introduced millions of people to remote work almost overnight. It also created prime targets for cybercriminals.
1. SMBs being pushed into bankruptcy by data breaches
A recent survey by Zogby Analytics confirmed what many people already knew: data breaches are wreaking havoc on SMBs. In particular, the financial implications of a data breach are overwhelming their capacity and forcing them to take drastic action.
The survey, which questioned more than 1,000 small business leaders, found that 37% of SMBs that experienced a data breach suffered financial loss and 25% filed for bankruptcy. Ultimately, 10% of SMBs went out of business following a data breach. SMBs must have a disaster response plan to deal with the high likelihood of being breached.
1. 20 Texas cities attacked by ransomware
The City of Borger, along with 20 other Texas municipalities, recently suffered a ransomware attack that disabled the city’s ability to conduct business. The attack was part of a targeted effort, and it cut off access to basic city services like public records, bill payments and communications systems. The city has been able to restore several functions without paying the ransom, but several services remain unavailable.
Many public entities such as cities and counties struggle to implement adequate cyber security solutions. DiamondIT works closely with municipalities to manage their networks within restrained budgets and long planning cycles.
Cities, enterprises, nonprofits, small businesses and your organization are all united by one commonality: the threat cybercriminals pose. A successful attack harms more than your finances and will impact every facet of your business. 60% of small businesses will close after being hit with a cyberattack. The right IT investments prevent attacks and limit downtime and damage during a worst-case scenario. Below are 4 costs to consider and the solutions you can use to protect your business.
What’s the worst technology disaster you can imagine hitting your business? An earthquake shattering all your computers, monitors and phones? Hackers stealing all of your customers’ personal information and selling it on the Dark Web? How about your server room catching fire and destroying all communications systems?
All of these and more (let your imagination run wild because it’s probably on the right track) threaten businesses worldwide – including Southern California SMBs. It’s that last one, though – the server room fire – that DiamondIT experienced firsthand with a local business.
If history is any guide, we could be seeing more news articles about ransomware attacks in early 2020. On January 14, 2020, Microsoft Windows 7 and Server 2008 will enter end-of-support. Microsoft will stop offering security patches, leaving any organization running these systems exposed to cyberthreats. An infamous example of what can go wrong is the May 2017 WannaCry attack.
WannaCry: A Microsoft End-of-Support Worst-Case Scenario
On May 12, 2017, the National Health Service (NHS) in the United Kingdom was paralyzed by a ransomware attack when cybercriminals exploited a flaw in WindowsXP. Support for WindowsXP had ended in April 2014, but the NHS continued relying on the system.
1. Thousands of patients exposed in L.A. County Dept. of Health data breach
A recent phishing attack on the Los Angeles County Department of Health released names, addresses, dates of birth and Medi-Cal identification numbers to third-party hackers. Although the county reports there is no evidence at this time that this information is being misused, you should enroll in the provided credit and identity monitoring services being offered.
SMBs: It is possible to check if your company has information for sale on the Dark Web. Once you know if your credentials are compromised, you can act. Sign up for a Free Dark Web Scan here.