Small businesses are not immune to cyberattacks. Many cybercriminals target smaller-size organizations because they often operate on a lower cybersecurity budget and have less infrastructure to protect the company’s data, making them easier to attack. This targeting by cybercriminals is widespread, as demonstrated by an ITRC study which reveals that 73% of small businesses state they have encountered cybersecurity problems over last year.

Cyberattacks continue to be a cause for concern for businesses. Although great strides have been made to combat this issue, the ability of threat actors to adapt, combined with other factors such as the rise in remote working or the increase in the number of devices with Internet access, means that cybercrime persists. According to a study by Cybersecurity Ventures, a cyberattack took place every 39 seconds in 2023, which translates into over 2,200 cases per day.

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Data theft is one of the main concerns for organizations in terms of cybersecurity. Despite the advances made in protection and action protocols, there have been numerous cases in recent months of corporate and third-party data being compromised, putting organizations’ businesses and their customers' privacy at risk.

Boards of directors are working to improve their ability to oversee cybersecurity risk management. This is in response to the growing frequency and severity of cyberattacks, as well as new regulations that require organizations to take a more proactive approach to cybersecurity.

Working from home (WFH) has brought with it advantages such as flexibility and access to global talent, but it has also introduced new security threats to organizations. The shift to a remote or hybrid workforce has forced companies to adopt more software-as-a-service (SaaS) applications, which has caused almost 40% of companies to lose control of their IT and security environments, according to data from a Cloudflare study.

The number of new types of attacks that compromise organizations’ cybersecurity is on the rise. Cybercriminals are more capable than ever of adapting and upgrading their attack formats to circumvent their victims' protection protocols. Data shows that the volume of new attacks is increasing every year. According to Astra, this year we have reached a record number of 560,000 new types of malware detected daily. This brings the number of malware currently in existence to over one billion.

Storing business data on personal devices and laptops has increased in recent years due to the shift towards hybrid or remote working models. This substantially raises the risk of sensitive information being exfiltrated if employees suffer theft, loss, or accidentally forget their devices.

In today’s interconnected world, the growing use of wireless technologies creates greater vulnerability for security breaches. Given the rising number of users, devices, and applications on corporate Wi-Fi networks, organizations need to implement a security solution that can ensure exceptional performance and optimal protection to shield their networks from threats.

Cybercriminals are increasingly using QR codes in their phishing campaigns to trick users and obtain their email account information, credentials, or sensitive data. This tactic to obtain credentials known as quishing, or QR code phishing, was first observed at scale in May of this year, when a group of cybercriminals spoofed Microsoft security alerts asking employees across multiple industries to scan a QR code to update their account security settings.