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These businesses usually have limited budgets and staff, which forces them to focus their resources on core business operations rather than spend money on security measures. This makes SMEs perfect targets for cyberattacks. In a recent report released by risk management firm Cyber Risk Solutions (CRS), 61% of small businesses in North America were found to have been victims of cybercrime sometime in the past two years, with an average loss of $33,000 per company.
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Why do SMEs need a Deterministic Protection Platform? Small businesses or SMEs are the backbones of any economy. They are the first ones to hire new people and the last ones to let them go during a recession. These businesses usually have limited budgets and staff, which forces them to focus their resources on core business operations rather than spend money on security measures. This makes SMEs perfect targets for cyberattacks. In a recent report released by risk management firm Cyber Risk Solutions (CRS), 61% of small businesses in North America were found to have been victims of cybercrime sometime in the past two years, with an average loss of $33,000 per company. In light of these worrying statistics, SMEs must have access to concise information about the risks they face and what can be done about them. SMEs’ Biggest Security Challenges For SMEs two biggest challenges comes are Security Awareness and Education. Security awareness: Refers to the level of awareness amongst a company’s employees. Unfortunately, many employees might simply not understand the risks associated with a lack of security awareness. This can result in important data being accidentally or deliberately sent to the wrong recipients. Education: To avoid human-based security errors, companies need to make sure that their staff is well-educated about the importance of maintaining a safe and secure work environment. Employees who know what they should and shouldn’t do can avoid making costly mistakes that put the organisation at risk. Why SMEs Need a Deterministic Protection Platform SMEs face unique challenges when it comes to cybersecurity. First, SMEs don’t have the financial resources or manpower of larger organisations, so it’s extremely difficult for them to keep up with the latest cybersecurity news and threats. Second, SMEs often operate in niche industries, which means they might not use specific technologies that larger companies use to detect and prevent cyberattacks.
This makes them easy targets for cybercriminals. The best way for SMEs to protect themselves against cyberattacks is by investing in a deterministic protection platform. A deterministic protection platform scans an organisation’s network and devices then identify vulnerabilities and create a plan to close them. This means that SMEs don’t have to worry about being overwhelmed with cybersecurity news or having the time and resources to address threats themselves. Conclusion A Deterministic Protection Platform is the best way for SMEs to protect themselves against cyberattacks. This platform scans an organisation’s network and devices then identifies vulnerabilities and create a plan to close them. It’s important for SMEs to also educate employees, use the right tools, and stay up-to-date on the latest cyber security news. But extensive competition and evolving market environment make it difficult for SMEs to cope with security on their own and hence they need reliable security prunes like Vinca Cyber. With global security experience, we are constantly exposed to evolving cyberattacks and their remediation. Our global client base and industries wide experience help us to manage security proactively and secure our clients in their day-to-day operations. To know more about deterministic security, redeploy deterministic protection without the burden of complexities and heavy cost.