SMEs more vulnerable than ever to cyber attacks, survey shows
This article talks about the following: Cyber-attacks have become a growing threat in the United States and UK and this has factored primarily because of weak password protection. A study conducted on about 1000 SMEs from UK and US revealed that most attacks have happened on small businesses because of poor management. Because of poor management and lack of resources for cyber threat protection, these SMEs are targeted through phishing. There are a couple of reasons that have been identified. First, SMEs lack antivirus software. Second, they do not have encryption software’s. Third, they do not adopt the practice of using digital signatures. Lastly, they do not use Dmarc email authentication.
It will be interesting to see how things unfold in the future. SMEs do not have financial muscle to invest largely on such cyber security measures. Questions that need attention are, What viable options do they have to protect themselves from phishing and online scams? What will be the level of investment required to implement organization-wide cyber security systems?
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