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Cybersecurity for SMEs

(Small and Medium-Sized Enterprises)

Cybersecurity is important for organizations of all kinds and sizes, including SMEs.  Cyber-criminals are increasingly targeting SMEs, including to obtain information about their customers and business partners and to access the systems and data of their business partners.  Cyber-attacks can cause SMEs to suffer potentially devastating financial losses and liabilities.  However, comprehensive cybersecurity programs can be expensive and time consuming to implement and beyond the financial and human resources means of many SMEs.

SMEs have also become top targets for ransomware.  A stunning 100% of IT professionals reported they had seen Windows systems infected by ransomware, as reported in Datto’s State of the Channel Ransomware Report.  Ransomware typically encrypts your files and promises to decrypt data after a ransom payment.  The collaborative capabilities of most organizational software make ransomware defense more challenging.

Cybersecurity Stats:

  • 43% of cyber-Attacks targets Small Business (Verizon 2019 Data Breach Investigations Report),
  • 90% of data breaches are caused by human error (Kapersky Labs, 2019),
  • 71% of cyber-Attacks are financially motivated. (Verizon 2019 Data Breach Investigations Report),
  • Phishing Emails are responsible for about 91% of cyber-attacks (PhishMe Research, 2017),
  • 7 Out of 10 Businesses are not prepared to respond to cyber-attacks (Hiscox Cyber Readiness Report, 2019),
  • The global average cost of a data breach is $3.6 million (IBM and Ponemon Institute’s Cost of a Data Breach Study, 2018),
  • Global cost of cyber-crime is expected to exceed $2 Trillion in 2019 (Juniper Research).  Employees are frequently exposed to sophisticated social engineering attacks.  
  • Organizations need a comprehensive approach to effectively manage these challenges, managed by people with a technical background, like AxE IT Consulting:
    • Baseline Testing – We provide baseline testing to assess the Phish-prone percentage of users on your team.
    • Train Your Users – AxE IT Consulting provides in-person training for groups both small and large, tailored to your organization’s specific vulnerabilities, as revealed in the baseline testing.  We also have access to the world’s library of security awareness training content, including interactive modules, video, posters and newsletters. 
    • Phish Your Users – Best-in-class, fully automated simulated phishing, vishing and smishing attacks, thousands of templates with unlimited usage, and community phishing templates.
    • See The Results – Enterprise-strength reporting.  Both high-level and granular stats and graphs ready for management reports.  We even have a personal timeline for each user.

For Cybersecurity, we follow the Assess, Train, Enforce, Measure and Report approach

  1. AssessAssess current and future cybersecurity goals for your organization. Discuss previous cybersecurity awareness activity, such as training and simulations, results, challenges, and lessons learned.  Licensed users will be assessed to test their base understanding of current cyber-threats. 
  2. Train – AxE IT works with management to create a training schedule for employees based on industry-standard best practices.
  3. EnforceCreate and share a cybersecurity policy with roles and responsibilities for employees, vendors, and anyone else with access to sensitive data.
  4. Measure – Once training is complete, users will undergo mock tests to assess their learning and skills.  Results will be measured and checked against the baseline.  AxE IT will continue to work with management for training specific to industry and best practices. 
  5. Report – Regular reporting back to organizational leaders in order for there to be clear accountability and follow-up around best practices and implementation.