Home Tech News Small and medium-sized companies are also being victims of cyberattacks

Small and medium-sized companies are also being victims of cyberattacks

Small and medium-sized companies are also being victims of cyberattacks
A study conducted by the Clark School of the University of Maryland indicates that a cyberattack occurs approximately every 39 seconds. (Freepik)

With the increase in the market for technology, companies have turned their attention to digital security systems to avoid being victims of data leaks that could harm their operations or the assets of their clients.

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However, giving due attention to this type of situation should not be an exclusive act of big companies, so medium and small businesses can also be affected by cyber attacks. A study conducted by the Clark School of the University of Maryland in the United States indicates that approximately Every 39 seconds there is a cyber attack in the world.

In addition, according to the cybersecurity company Kaspersky, between January and April 2022 the most common threats for small and medium-sized enterprises (SMEs) in Latin America they were Trojan-PSW (which steals passwords), internet attacks and impacts on the Remote Desktop Protocol.

The company also indicated that an attack on average leaves 155 thousand dollars in losses added to the reputation.

A study conducted by the Clark School of the University of Maryland indicates that a cyberattack occurs approximately every 39 seconds.  (LATAM Cybersecurity)
A study conducted by the Clark School of the University of Maryland indicates that a cyberattack occurs approximately every 39 seconds. (LATAM Cybersecurity)

The economy and processes have been digitized

The pandemic has generated an acceleration in the process of digitization of the economy and business environment. Today, small businesses enable virtual payment optionsso they are also exposed to the risks that this entails.

“They (the SMEs) also had to transform and they did not necessarily have the best practices and security politics for this new reality”, says Andrés García, director of Small and Medium Enterprises for Microsoft in Latin America

A single attack for a medium or small company can mean the end of the business due to the economic losses that can be generated. In addition, not only money is lost, but also credibility and trust of customers, so in the long term it could be even more affected.

A single attack for a medium or small company can mean the end of the business due to the economic losses that can be generated.  (EFE/Sascha Steinbach)
A single attack for a medium or small company can mean the end of the business due to the economic losses that can be generated. (EFE/Sascha Steinbach)

“A leak of personal data can almost irreversibly damage a company’s reputation and break the trust of its customers, partners and investors,” says Andrés Rengifo, director of Corporate, External and Legal Affairs at Microsoft for the Andean South region.

Prevention is key

Cybercriminals, like a common thief, tend to attack organizations that are less prepared to deal with these situations, so SMEs, having less budget to prevent attacks or do not consider this situation in general, they are more vulnerable.

Cybercriminals tend to attack organizations that are less prepared, making SMEs more vulnerable.  (DEF file)
Cybercriminals tend to attack organizations that are less prepared, making SMEs more vulnerable. (DEF file)

Although you can see at security breaches as an opportunity to improve systems For organizations, these decisions are so important that they should not be made based on the fear of having a similar experience again, but rather on a careful analysis of needs and economic reality.

The objective is to invest only in those tools that are necessary to ensure some protection level. A poorly made investment can affect the company and, finally, a temporary feeling of false security is created.

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