Security 2022

The global damage of cybercrime has risen to an average of $11 million USD per minute, which is a cost of $190,000 each second. 60% of small and mid-sized companies that have a data breach end up closing their doors within six months because they cannot afford the costs.

Not implementing multi-factor authentication (MFA)

Credential theft has become the top cause of data breaches around the world, according to IBM Security. MFA reduces fraudulent sign-in attempts by a staggering 99.9%.

Ignoring the use of shadow IT

Shadow IT is the use of cloud applications by employees for business data that have not been approved and may not even be known about by a company. It is important to have cloud use policies in place that spell out for employees the applications that can and cannot be used for work.

Thinking you are fine with only an antivirus application

Many of today's threats do not use a malicious file at all. You need to have a multi-layered strategy in place that includes next-gen anti-malware, next-gen firewall, email filtering, DNS filtering, and cloud access monitoring.

Not having device management in place

If you are not managing security or data access for all the endpoints in your business, you are at a higher risk of a data breach. It is time to put a device management application in place, like Intune in Microsoft 365.

Not providing adequate training to employees

An astonishing 95% of cybersecurity breaches are caused by human error. Employee IT security awareness training should be done throughout the year, not just annually or during an onboarding process.