2021 Coalition Cybersecurity Guide
Posted May 24, 2021
As small and midsize businesses become increasingly dependent on services and applications connected to the internet, they also become a larger target for cyber criminals looking to exploit vulnerabilities in their systems. Every password we set, tool we use, and network we access leaves us exposed and vulnerable to cyber threats.
Our friends at Coalition have a unique up-close view of the attacks that impact organizations. They have seen the frequency, severity, and sophistication of cyber attacks continue to grow. From 2019 to 2020, they saw a 67% increase in the frequency of business email compromise attacks. In the first half of 2020 alone, they witnessed a 47% increase in the average ransom demand. And while many attackers exploit misconfigured security settings and software vulnerabilities, 60% of claims they saw resulted from human error.
This guide is designed for small businesses who want specific and actionable recommendations to protect their organization. According to the Global Cyber Alliance, more than 43% of cyber attacks target small businesses, who often don’t have the security and technical expertise of larger organizations. Luckily, we have a powerful team of in-house experts who are ready to share actionable steps to help prevent (or at least minimize) cyber threats.
Addressing these areas of security will help you mitigate cyber risk, but they can’t guarantee you won’t be a target. All recommendations are in alphabetical order. If you’re looking for more detailed cybersecurity advice, reach out to our team, and they will be happy to assist.