There are always those moments when you hear stories about bad things happening to people and businesses- and you think that to yourself “This could never happen to me!” We have this false sense of security that makes us feel invisible and indestructible until we have a tough wake-up call to make us realize that isn’t the case. This is particularly true for SMB owners- making them as a prime target for cybercriminals.
One of the most common misconceptions in our industry is that cybercriminals are more likely to go after large enterprises given that they have a bigger pool of customer and company data to hack. Well, think again! We know that SMBs are more vulnerable simply due to the fact that they often lack strong security solutions. As McAfee’s own Bill Rielly stated, “A business that doesn’t have any security measures in place is playing Russian roulette with their data and customers’ trust.”
We recently conducted a joint survey with Office Depot that reveals surprising security misconceptions among business. More than 1,000 SMBs participated in the Office Depot Small Business Index survey and a majority (66 percent) felt confident their data and devices are secure and safe from hackers, with 77 percent responding that they haven’t been hacked.
Below are the key findings of the survey and why SMBs should think twice about the security solutions they use for their business:
- Only nine percent of SMBs use endpoint/mobile device security
- Having a reliable endpoint security solution that also protects employee’s mobile devices is critical to the security of SMBs. Investing in these solutions will protect all employee activity on the Web, email and applications.
- Eighty percent of SMBs don’t use data protection
- In the event that an SMB is hacked, this means that their company and customer data is in the hands of the cybercriminal. It is critical that SMBs have all of their data backed up and secure!
- Less than half SMB surveyed use email security
- Phishing scams are one of the most popular ways that hackers infiltrate companies. All it takes is one employee clicking on a malicious link to open the businesses back door to cybercriminals.
- About half of SMBs surveyed use Internet security
- Internet security only scratches the surface of protection that an SMB needs. It is a great first step to implementing security, but to ensure businesses are fully protected, there needs to be 360 degree coverage.
- 45 percent of SMBs do not secure company data on employees’ personal devices
- The latest McAfee Quarterly Threat report found that Android-based malware achieved a 35 percent growth rate not seen since early 2012. This rebound was marked by the increase in creation of SMS-stealing banking malware, fraudulent dating and entertainment apps, weaponized legitimate apps and malicious apps posing as useful tools.
With the increase in threats and growing focus on targeting SMBs, it is important to acknowledge these potential risks and implement proper protection. McAfee continues to focus on educating and protecting SMBs from the growing threat of cybercrime by exposing the false sense of security that exists. With the help of Office Depot, this is just one step in the right direction.
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