News in the Channel - Issue #5

ANTI-VIRUS SOFTWARE

Staying one step ahead Experts at CyberSecurity Ventures anticipate that global cyber crime costs will grow by 15% each year over the next five years, reaching a staggering $10.5 trillion USD by 2025.

As cyber criminals become increasingly sophisticated and organised, the threat to businesses in the UK continues to grow. Interestingly over half of cyber attacks are carried out on SMEs, highlighting that it isn’t just the large, global corporations that are at risk. Research also suggests that just 58% of SMEs feel safe against cyber attacks, with 73% of those caught out by scammers having to pay some form of ransom fee. What’s more worrying is the fact that within 6 months of a breach, 60% of small enterprises go out of business. Remember, it’s not just the immediate financial repercussions that need to be considered. When systems are taken offline, customer orders cannot be processed. There’s also the reputational damage that’s inevitable if customers feel their sensitive information has been compromised. But when it comes to preventing breeches, Ben Jarvis, product manager of ECI business supplies division, says that hybrid working has introduced barriers to protection that were not there before. “With teams working remotely, a business has far less control over how the network is accessed. People may be using their own devices to access the system and even the most tech-savvy individual can fall victim to

cyber crime. “Criminals use a range of tactics, from hacking – where the aim is to access and potentially sell important data – to malware or ransomware attacks. The latter two methods involve a form of malicious software being installed within a system, usually via a phishing scam, and then encrypting the businesses data. This is where anti-virus software can act as a vital barrier to prevent this from happening – either blocking certain emails or notifying teams if something looks suspicious.” “Devices that aren’t in the office are exposed to a wider variety of threats because security at home is likely to be less secure than in a company office location,” said David Corlette, VP of product management at VIPRE Security. “This increases the need to choose a solution that is known to provide robust protection, particularly in the network protection area. Additionally, it heightens the drive for companies to provide security awareness training for their employees working at home – especially as there will be no IT security admins looking over their shoulders to make sure they aren’t making mistakes.”

Ben Jarvis product manager ECI

ecisolutions.com

What’s more

worrying is the fact that within 6 months of a breach, 60% of small enterprises

go out of business.

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