Today, We Know Cyber introduces Bob Azzarello, an upcoming cybersecurity professional in Houston, Texas. Bob contributes the following blog post for better understanding of the need for cybersecurity in your business. You can reach Bob Azzarello on LinkedIn (https://www.linkedin.com/in/bobazzarello) or find his contact information at the bottom of this article.

Being on the internet is like living in a big city and your business is your home. In the big city, crime is a part of our environment. We spend time, energy and money to avoid becoming another victim. Most crimes happen because there is opportunity, and it is an unfortunate fact that many of us will become victims. In fact, according to a recent small business report, small to medium sized businesses (SMBs) are the primary target for cybercriminals[1].

In our home, we take precautions to help deter the criminals from looking twice. We teach our family to lock our doors at night. We install cameras and alarm systems. We don’t leave valuables in plain sight. At night, we walk in pairs. We are aware of the threat and the potential for criminal activity. However, inevitably, we forget to do something simple, like lock a door or window.

Similarly, in business, cybercriminals are simply looking for opportunities. Software or hardware that is not updated regularly is like leaving the door to our businesses wide open. Employees responding to phishing emails can unlock systems and criminals gain access. In these ways, viruses/malware/ransomware can be introduced. Of businesses that suffer an attack, a whopping 60% are out of business within 6 months[1].

So what are you doing to mitigate risk in your situation? Recently, the FBI infiltrated a large ransomware groups infrastructure, and found that only 20% of the victims reported to law enforcement[2], which makes the need to secure your business even more urgent. A recent study by Accenture, found that more than 40% of cyberattacks are aimed at small businesses, yet only 14% are prepared to defend themselves[1]. In the end, cybersecurity is a way to help you identify the doors that need to be locked, the alarm systems that should be installed and to increase your employees awareness of the potential threats and costs your business and livelihood. 

Citations:

[1]https://blogs.und.edu/business-engagement/2023/10/october-2023/

[2]https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3Report.pdf?trk=public_post_comment-text

InConcert Realty
Bob Azzarello – Broker Realtor®
[email protected]
216.334.4645