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Threat Intelligence

checkLoop 1
10/17/2019
03:00 PM
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State of SMB Insecurity by the Numbers

SMBs still perceive themselves at low risk from cyberthreats - in spite of attack statistics that paint a different pictur
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Where the Gaps Are

Lack of personnel and budget translate to some very big gaps in security coverage at SMBs. According to a report by VansonBourne on behalf of Continuum Managed Services, approximately 56% of organizations do not have any cybersecurity experts within their organizations, and 52% lack an incidence response plan in the event of a cybersecurity attack. Just over half of organizations do not have cyber insurance, either. 

Image Source: 'The State of SMB Cyber Security in 2019,' VansonBourne/Continuum Managed Services

Where the Gaps Are

Lack of personnel and budget translate to some very big gaps in security coverage at SMBs. According to a report by VansonBourne on behalf of Continuum Managed Services, approximately 56% of organizations do not have any cybersecurity experts within their organizations, and 52% lack an incidence response plan in the event of a cybersecurity attack. Just over half of organizations do not have cyber insurance, either.

Image Source: "The State of SMB Cyber Security in 2019," VansonBourne/Continuum Managed Services

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Franois Amigorena
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Franois Amigorena,
User Rank: Author
11/4/2019 | 5:55:33 AM
The business benefits for IT security in SMBs
SMBs that grasp the business benefits are often further ahead. They understand that any competitor can nowadays quickly adopt a new technology to gain new capabilities, improve efficiency and/or reduce costs. However, each new application does create a need to secure users, data and the environment that the solution integrates into. Those that treat security as an onerous requirement that is invoked each time a new technology is contemplated will be slow to adopt – and slow to profit from – new efficiencies.

SMBs that build effective IT security frameworks are able to move more quickly and surely than their competitors. Environments without effective IT security solutions will have difficulty innovating and are likely to fall behind more nimble competitors.
FLYING J3
50%
50%
FLYING J3,
User Rank: Apprentice
10/21/2019 | 4:02:59 PM
Re: cyber risk change hits small biz
If your a contractor with the DOD they are going to be requiring you to have a Cybersecurity Maturity Model Certification sometime in 2020. Because they are forcing this, Cybersecurity is going to be an alowable cost on new contracts sometime in mid to late 2020. .
blackjack0021
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50%
blackjack0021,
User Rank: Apprentice
10/21/2019 | 1:33:44 PM
cyber risk change hits small biz
As long as Security expense is optional then most SMB can't afford to add it. The market doesn't let them charge more if they do, and competitors will always run the risk or cut corners and costs. As Bruce Schneir points out in Click Here To Kill Everyone, if the cost of security measures isn't required of everyone then the market actually penalizes you for doing it. Customers of SMB especially have no way to know if your company is doing it right or better. There is no competitive advantage. It's a proverbial Catch 22. I've done consulting for SMB, super small <10 people up to midsize I'd guess around 2000, but I'm an enterprise guy mostly. There is a special focus for SMB on free- or low-cost solutions that is almost alien to most enterprise people. It just presents many different challenges.
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