Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vulnerabilities / Threats

9/20/2017
09:30 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

SMBs are Huge Target for Hackers: 2017 Ponemon Study

  • Negligent employees are the #1 root cause behind data breaches across North America and the UK
  • Ransomware is hitting SMBs hard with more than 50% experiencing an attack
  • Attacks are becoming costlier to businesses with damage now over $1M

Keeper Security, Inc., the world's leading password manager and secure digital vault, today announced the results of a North American and UK study analyzing the state of cybersecurity in small and medium-sized businesses (SMBs). Sponsored by Keeper Security and conducted by the Ponemon Institute, the 2017 State of SMB Cybersecurity Report involved more than 1,000 IT professionals and found that 54% of respondents said negligent employees were the root cause of a data breach.

The study found that strong passwords and biometrics continue to be an essential part of security defense. However, 59% of respondents say they do not have visibility into their employees' password practices, such as the use of unique or strong passwords and secure password sharing. Safe password policies are also not strictly enforced by companies. Only 43% of respondents have a password policy in place and 68% said they do not strictly enforce their policy or are unsure.  

"The number one greatest cyber threat to a business is their very own employees," said Darren Guccione, CEO and Co-founder of Keeper Security, Inc. "Critical data is more accessible via mobile devices in our 24/7-connected, device-filled world. In fact, more than 50% of U.S. companies' sensitive data can be accessed via an employee's smartphone or tablet. Poor password policies, the rise of mobile-targeted attacks and the influx of Internet of Things devices in the workplace is a recipe for disaster. The best way to reduce these risks is through software that can lock an employee's device and at the same time, protect their passwords and other sensitive digital assets via a ubiquitous digital vault."

The risk of a cyber attack is increasing for companies of all sizes and industries when compared to last year. More than 61% of SMBs have been breached in the last 12 months vs 55% in 2016. The quantity of stolen data in an average breach nearly doubled to 9,350 records from 2016's average of 5,079 records. Internet of Things devices also stress SMB organizations with 67% very concerned about the impact of these devices in their office. More than half of respondents (56%) believe IoT and mobile devices are the most vulnerable endpoint their organization's networks.

The most prevalent attack vectors against smaller businesses were phishing/social engineering (48% of respondents) and web-based ( 43%). More respondents this year stated their organization had a phishing/social engineering attack, which coincides with the number of ransomware attacks their companies experienced.

The rise of ransomware is hitting SMBs hard. This year, more than half (51% of respondents) experienced either an unsuccessful or successful ransomware attack within the past 3 months to more than 12 months. Further, 53% of the 51% had more than one ransomware attack during this period. 79% said the ransomware was unleashed through a phishing/social engineering attack.

"We were alarmed to find that small and mid-sized businesses are becoming a huge target for hackers," said Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute. "As both frequency and size of data breaches increases, SMBs must face the reality that a material adverse financial impact on their business is a real possibility. Attacks are becoming more costly with the average cost due to damage or theft of IT assets and infrastructure now exceeding $1,000,000. The average cost due to disruption to normal operations also increased to over $1,000,000 compared to the 2016 report. One cyber incident could very well put a small company out of business."

The complete study can be accessed at the following link: https://keepersecurity.com/2017-State-Cybersecurity-Small-Medium-Businesses-SMB.html

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Commentary
How SolarWinds Busted Up Our Assumptions About Code Signing
Dr. Jethro Beekman, Technical Director,  3/3/2021
News
'ObliqueRAT' Now Hides Behind Images on Compromised Websites
Jai Vijayan, Contributing Writer,  3/2/2021
News
Attackers Turn Struggling Software Projects Into Trojan Horses
Robert Lemos, Contributing Writer,  2/26/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: George has not accepted that the technology age has come to an end.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2009-20001
PUBLISHED: 2021-03-07
An issue was discovered in MantisBT before 2.24.5. It associates a unique cookie string with each user. This string is not reset upon logout (i.e., the user session is still considered valid and active), allowing an attacker who somehow gained access to a user's cookie to login as them.
CVE-2020-28466
PUBLISHED: 2021-03-07
This affects all versions of package github.com/nats-io/nats-server/server. Untrusted accounts are able to crash the server using configs that represent a service export/import cycles. Disclaimer from the maintainers: Running a NATS service which is exposed to untrusted users presents a heightened r...
CVE-2021-27364
PUBLISHED: 2021-03-07
An issue was discovered in the Linux kernel through 5.11.3. drivers/scsi/scsi_transport_iscsi.c is adversely affected by the ability of an unprivileged user to craft Netlink messages.
CVE-2021-27365
PUBLISHED: 2021-03-07
An issue was discovered in the Linux kernel through 5.11.3. Certain iSCSI data structures do not have appropriate length constraints or checks, and can exceed the PAGE_SIZE value. An unprivileged user can send a Netlink message that is associated with iSCSI, and has a length up to the maximum length...
CVE-2021-27363
PUBLISHED: 2021-03-07
An issue was discovered in the Linux kernel through 5.11.3. A kernel pointer leak can be used to determine the address of the iscsi_transport structure. When an iSCSI transport is registered with the iSCSI subsystem, the transport's handle is available to unprivileged users via the sysfs file system...