[INFOGRAPHIC] Cybersecurity Today: Understand the Threat Landscape and How to Protect Your Business in 2019

March 26, 2019Homefield IT

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Cybersecurity Today: Understand the Threat Landscape and How to Protect Your Business in 2019
By Manhattan Tech Support

Cyberattacks are targeting small and medium businesses (SMBs) at an unprecedented level. Armed with the latest information, you can face 2019 ready for these new challenges.

Cybercrime is Growing at an Unprecedented Rate

Despite massive investments and new cybersecurity technologies, the growth of cybercrimes continue.

In 2015, it was estimated that cybercrimes did $400 billion in damages. [1]

This level could rise as high as $6 trillion by 2021. [2]

SMBs Are the New Target for Cybercriminals

Small businesses can no longer rely on their size to avoid cyberattack. Hackers have been exploiting unprotected SMBs at a greater rate for several years.

Percentage of SMBs who have experienced a cyberattack

55% in 2016 [3]
61% in 2017
67% in 2018  [4]

Most Businesses Lack Cybersecurity Preparedness

Despite the growing prevalence of cyberattack, SMBs have not improved their cybersecurity protections.

(link[5])

47% of SMBs say they have no understanding of how to protect themselves from cyber threats. [6]

Ransomware is Still a Major Threat

Although we didn’t see as many high-profile ransomware attacks in 2018 as in years past, the threat is still growing for SMBs across the country.

It’s estimated that a business in the U.S. was hit by ransomware every 40 seconds in 2016 [7]. By the end of 2019, that will be every 14 seconds. [8]

Data Breaches Are Often an Accident

Hacking is not the only way that valuable data is exfiltrated from your company. For optimal security, your company must protect against human errors that lead to data leakage.

Human error and system failure account for 54% of data breaches in small business, while just 33% is due to hackers with malicious intent. [9]

Are Your Internal Systems Secure?

Attacks that originate within an organization (often called “insider attacks”) are another major source of damage to SMBs.

Over 50% of organizations have experienced a confirmed insider attack in the last 12 months. [10]

90% of businesses feel vulnerable to insider attacks [11]

Cybersecurity Talent is Scarce

To make matters worse, the competition to find and retain cybersecurity talent is making good protection harder.

There were roughly 1 million unfilled cybersecurity jobs in 2017. The number of unfilled jobs is set to rise to 3.5 million by 2021. [12]

46% of cybersecurity professionals are solicited with a new job offer every week. [13]

The Managed Security Services (MSSP) Solution

More and more SMBs are looking to managed security services providers to fill IT competency gaps and keep themselves safe. What do MSSPs like Manhattan Tech Support provide?

• 24/7/365 availability with world-class customer service
• Proactive monitoring of network security
• An NYC-based team of seasoned cybersecurity experts

Comprehensive Compliance Expertise

Manhattan Tech Support’s security solutions bring deep regulatory compliance expertise, so your business achieves both strong compliance and security with minimal effort from your team.

• HIPAA/HITECH
• PCI DSS
• NIST
• SOX

MSSP Pricing vs. Hiring Cybersecurity Talent

Manhattan Tech Support provides predictable, flat-rate pricing that can be customized to meet any need large or small. Compare that to assembling your own team of experts

Average Cybersecurity Specialist salary – $107,000 [14]

Average Penetration Tester salary – $113,000 [15]

Average Chief Information Security Officer (CISO) salary – $165,000 [16]

World-Class Cybersecurity from Manhattan Tech Support

For over two decades, we’ve been solving cybersecurity problems for businesses in NYC. Do you need an expert partner to help you take control of your cybersecurity? We’re here to help! Contact us any time day or night at sales [email-address]

Sources

[1] http://fortune.com/2015/01/23/cyber-attack-insurance-lloyds/

[2] https://cybersecurityventures.com/cybercrime-damages-6-trillion-by-2021/

[3] https://blog.alertlogic.com/5-cybersecurity-statistics-every-small-business-should-know-in-2018

[4] https://www.scmagazine.com/home/security-news/report-reveals-struggles-of-smbs-navigating-cyber-threat-landscape/

[5] https://www.knowledgenile.com/2018-cyberthreat-defense-report/

[6] https://betanews.com/2018/11/16/smb-cyber-attacks/

[7] https://securelist.com/analysis/kaspersky-security-bulletin/76757/kaspersky-security-bulletin-2016-story-of-the-year/

[8] https://cybersecurityventures.com/global-ransomware-damage-costs-predicted-to-reach-20-billion-usd-by-2021/

[9] https://keepersecurity.com/2017-State-Cybersecurity-Small-Medium-Businesses-SMB.html

[10] https://www.ca.com/content/dam/ca/us/files/ebook/insider-threat-report.pdf

[11] https://www.ca.com/content/dam/ca/us/files/ebook/insider-threat-report.pdf

[12] https://cybersecurityventures.com/jobs/

[13] https://www.darkreading.com/vulnerabilities—threats/nearly-half-of-cybersecurity-pros-solicited-weekly-by-recruiters/d/d-id/1331151

[14] https://www.ziprecruiter.com/Salaries/Cyber-Security-Specialist-Salary

[15] https://www.ziprecruiter.com/Salaries/Penetration-Tester-Salary

[16] https://www.ziprecruiter.com/Salaries/How-Much-Does-a-Chief-Information-Security-Officer-Make-a-Year-in-New-York,NY