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Cybercrime is the greatest threat to every company in the world.” During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and 60% of network users are behind in their cyber security. Municipalities, small Governments and MSP's are among the most vulnerable..... 
 
How can Abadata help? Call us at 989 883 3411 and ask for help. We can offer a range of services designed to to take the worry out of your business, leaving you to engage in your area of expertise whilst we take care of the IT!
 
The cybersecurity industry is rapidly growing every day. Although more resources are being deployed to counter cyber attacks, the nature of the industry still has a long way to go before we can, as a whole, catch up with these threats. It’s important for us to define what the current information security and cybersecurity industry looks like with these alarming 15 Cyber Security Facts and Stats.
 

1. 95% of breached records came from only three industries in 2016

Government, retail, and technology. The reason isn’t necessarily because those industries are less diligent in their protection of customer records. They’re just very popular targets because of the high level of personal identifying information contained in their records.

 

2. There is a hacker attack every 39 seconds

A Clark School study at the University of Maryland is one of the first to quantify the near-constant rate of hacker attacks of computers with Internet access— every 39 seconds on average, affecting one in three Americans every year —and the non-secure usernames and passwords we use that give attackers more chance of success.

 

3. 43% of cyber attacks target small business

64% of companies have experienced web-based attacks.  62% experienced phishing & social engineering attacks. 59% of companies experienced malicious code and botnets and 51% experienced denial of service attacks.

 

4. The average cost of a data breach in 2020 will exceed $150 million

As more business infrastructure gets connected, Juniper Research data suggests that cybercrime will cost businesses over $2 trillion total in 2019.

 

5. In 2018 hackers stole half a billion personal records

This was a 126% jump from 2017. Since 2013 there are approximately 3,809,448 records stolen from breaches every day.. 158,727 per hour, 2,645 per minute and 44 every second of every day reports Cybersecurity Ventures.

 

6. Over 75% of healthcare industry has been infected with malware over last year

The study examined 700 healthcare organizations including medical treatment facilities, health insurance agencies and healthcare manufacturing companies.

 

7. Large-scale DDoS attacks increase in size by 500%

According to the Q2 2018 Threat ReportNexusguard’s quarterly report, the average distributed denial-of-service (DDoS) attack grew to more than 26Gbps, increasing in size by 500%.

 

8. Approximately $6 trillion is expected to be spent globally on cybersecurity by 2021

Organizations need to make a fundamental change in their approach to cybersecurity and reprioritize budgets to align with this newly defined reality of our modern society.

 

9. By 2020 there will be roughly 200 billion connected devices

The risk is real with IoT and its growing. According to figures compiled within a recent Symantec Internet Security Threat Report, there are 25 connected devices per 100 inhabitants in the US.

 

10. Unfilled cybersecurity jobs worldwide will reach 3.5 million by 2021

More than 300,000 cybersecurity jobs in the U.S. are unfilled, and postings are up 74% over the past five years.

 

11. 95% of cybersecurity breaches are due to human error

Cyber-criminals and hackers will infiltrate your company through your weakest link, which is almost never in the IT department.

 

12. More than 77% of organizations do not have a Cyber Security Incident Response plan

What’s worse? An estimated 54% of companies say they have experienced one or more attacks in the last 12 months.

 

13. Most companies take nearly 6 months to detect a data breach, even major ones

Equifax, Capital One, and Facebook just to name a few. Information such as passwords, credit card details, and social security numbers may already be compromised by the time you’re notified.

 

14. 46% of all Bitcoin transactions involve illegal online activity

Cryptocurrency is becoming one of the largest unregulated markets in the world. A recent study shows that around $76 billion in cryptocurrency is used in criminal activity every year.

 

15. Total cost for cybercrime committed globally has added up to over $1 trillion dollars in  2018

Don’t think that all that money comes from hackers targeting corporations, banks or wealthy celebrities. Individual users like you and me are also targets. As long as you’re connected to the Internet, you can become a victim of cyber attacks.

 

What does it all mean?

Ginni Rometty, IBM’s chairman, president and CEO, said: “Cybercrime is the greatest threat to every company in the world.” And she was right. During the next five years, cybercrime might become the greatest threat to every person, place and thing in the world. With evolving technology comes evolving hackers, and we are behind in security.

 
Understanding the cyber terminology, threats and opportunities is critical for every person in every business across all industries. By providing advanced cyber training and education solutions in all departments of your business, from marketing and sales to IT and InfoSec, you are investing in your company’s protection against cyber threats.
 
 
Article reproduced courtesy of Cybint (Cyber Solutions) written by Devon Milkovich September 23rd 2019......

 

SMBs Now Experiencing Cyberattacks That Have Taken Down Large Enterprises
 
Michigan - January 2019
 
Abadata, a leading managed technology services provider (MTSP), is helping small to mid-sized businesses (SMBs) equip themselves with the necessary cybersecurity protections that every modern company needs to survive. Over the past, large organizations including Target, Equifax, Yahoo and now, Marriott, are being breached by cyberattacks. While these companies have huge IT budgets and dozens of IT staff to ward off attacks like these, they still have proven vulnerable. SMBs face the same level of cyberattacks and must take the proper precautions to protect their customers’ data as well as their own information from being compromised.
 
Cybercrime now outstrips all other organized crime combined. As larger enterprises are forced to invest in the strength of their IT infrastructure, via policies and penalties, cybercriminals will only have one place to go, small businesses. The most recent company to be in the news as the result of an attack is Marriott International. According to Time Magazine, “’The hack affects some 500 million guests, and for about 327 million of them, the data included passport numbers, emails and mailing addresses,’ Marriott said. Some credit card details may also have been taken."
 
Dave Wineman, President of Abadata added, “The bottom line is that if an SMB is hit with an attack like this, through penalties and damage to company reputation, it would very likely put them out of business. Coincidentally, this serious problem is actually relatively simple to remedy.”
 
Most companies have already taken a few precautionary measures, they have a backup and disaster recovery solution, firewalls, AV malware solutions and perhaps another component here or there. Yet, hackers thrive on businesses that are utilizing obsolete technology to run their business. If businesses want to ensure their compliance with new regulations as well as to ensure that they don’t get hit with massive, unexpected fines, they need remain current with cybersecurity. In other words, they need to be utilizing next generation cybersecurity solutions to remain one step ahead of hackers.
 
Abadata leverages sophisticated next generation cybersecurity solutions that includes darkweb monitoring, email filters with malware protection, staffed 24x7 security operations centers (SOC), password vaults, quarterly network vulnerability scans, DNS “dangerous website” blockers, phishing simulators, security awareness training to educate companies on what emails and web sites not to click on, and expanded AV malware protection.
 
“Minimal protection simply doesn’t cut it, anymore,” commented Wineman. “We have made a significant investment in cybersecurity technology, educating our team of professionals, and achieving a variety of cybersecurity certifications. This has given us a unique competitive advantage in the marketplace, but more importantly we have the tools and knowledge to provide an unparalleled cybersecurity offering to our customers.”
 
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