In the late 1980s, cybersecurity first emerged primarily to safeguard military and government assets from attacks. Today, the internet plays a central role in how organizations work and communicate, and there are no signs that the threat of cyberattacks are abating. In fact, recent research is revealing that every year, the number and sophistication of cyber threats that enterprises are facing are increasing
According to new research released by Positive Technologies in May 2022, “In the vast majority of web applications (98%), cybercriminals can attack users and system admins. Such attacks can result in the spread of malware across an organization’s network, redirection to a malicious site, or data theft through social engineering.”
In the same study, “84% of web applications displayed threats related to unauthorized access to users’ accounts, including those of administrators. In 72% of web applications, an attacker can gain access to features or content that should not be available to them, such as viewing sensitive account details.”
Cyberattacks can result in the loss of sensitive data, which can be damaging to an organization both financially and reputationally. Additionally, cybercriminals can use malware to take control of devices and networks within the organization, which can allow them to steal confidential information or disrupt operations.
There is no longer a question of ‘if’ an organization will be attacked–but rather, ‘when’ they will be attacked. Here’s a rundown on what’s changing in the cybersecurity and cyber threat landscape, and how Logically can help you implement the comprehensive solutions you need for complete peace of mind.
The State of the Internet: Threats Happening Now
The proliferation of mobile devices and BYOD policies, plus the increase in cloud-based applications and data storage have caused the cybersecurity landscape to change dramatically. The sheer number of devices and users, as well as the amount and types of data being exchanged, have made it much more difficult to keep track of everything – let alone protect it from malicious actors.
Additionally, a growing number of organizations are relying on the internet to conduct day-to-day operations as they shift to a partial or fully remote work environment, exposing them more frequently to a host of potential cyber threats.
The WFH (work from home) boom has been a boon for cybercriminals who are now targeting remote workers with personalized phishing attacks, malware, and ransomware.
However, not all industries are targeted equally. Industries that store valuable information such as healthcare and finance are usually bigger targets for hackers who want to steal social security numbers, medical records, and other personal data.
A cybersecurity report from San Francisco-based Abnormal Security found that “medical industries and insurance companies had a 45-60% chance of being the target of a phone fraud attack via email, with attack frequency rising more than 10% in the second half of 2021.”
Breaches in the financial sector account for 10 percent of all attacks according to a 2022 data breach investigation by Verizon, and according to IBM, a financial services data breach costs on average about $5.85 million to recover from.
According to the 2022 IBM X-Force Intelligence Index, for the first time in five years, manufacturing outpaced finance and insurance in the number of cyberattacks levied against these industries in 2022, extending global supply chain woes. Now more than ever, manufacturers are equipping themselves with advanced security solutions because they are particularly vulnerable to downtime and ransomware attacks.
This doesn’t mean lower-risk industries aren’t victims, too. They’re often targeted due to the likelihood that they’ll have fewer security measures in place and their information will be more easily accessible.
While some companies will react by building a full-time IT team, many growing organizations find this cost-prohibitive and would benefit from partnering with a Managed Services Provider (MSP) professional, such as Logically.
Proactive Cybersecurity Solutions and IT Services From Logically
The Logically Security Suite makes comprehensive cyber security protection available to every business. Logically protects your business-critical and sensitive data 24/7 with world-class security experts and tools previously only available to large enterprises. All at a cost that fits the budgets of small and midsize organizations.
We continuously monitor your security posture and use machine learning, automation, and certified information security experts to eliminate vulnerabilities 24x7x365 so that you can rest assured that your assets and customer data are protected.
We believe that different types of threats require different security solutions. The Logically Security Suite allows you to instantly add the security layers that are right for your business and for a variety of threats.
Our Security Suite is perfect for businesses that…
- Don’t have in-house security expertise
- Rely on legacy security solutions that don’t protect against evolving threats
- Have increasingly tight privacy and regulatory compliance requirements
- Want a second opinion or a second layer of security on top of existing structure
If your business would benefit from IT services and proactive cybersecurity protection, contact us today. We’ll show you how easy and affordable it is to get started.
Whether you are seeking to augment an existing IT team or outsource IT completely, Logically can help. Contact us at 866.946.9638 or speak to an expert today for a free consultation!