Why oh why is cybersecurity so complex? I was at an event recently and the keynote speaker talked about how security is unique in its incredibly minimal consolidation. In the cloud, you have arguably three major players (Amazon, Microsoft, and Google). In mobile phones a few. In almost any area of life, consolidation happens (auto’s […]
The small to mid-sized enterprise (SME) market is wildly underserved in the cybersecurity sector, opening up massive opportunities for Managed Security Service Providers (MSSPs), as well as Managed Service Providers (MSPs) who could benefit from offering stronger security services as part of their overall IT offering. Many MSPs are tempted to build out a security […]
Software vulnerabilities are a fact of life with more identified every day. In 2021, 28,695 new vulnerabilities were discovered in production software. These vulnerabilities can potentially create a backdoor to companies, letting attackers come in and out as they please. However, some vulnerabilities are significantly more dangerous than others with widespread impact. Many of these […]
Risk management is a core part of any organization’s business processes. Without the ability to manage risk, an unforeseen event could put the company out of business. Effective and comprehensive risk management requires an understanding of what can go wrong, how to minimize the probability of a risk event occurring, and how to recover if […]
SMEs have little wiggle room regarding cybersecurity. Smaller budgets and fewer dedicated security resources mean that cyberattack attempts are more likely to penetrate an SME’s defenses than those of a larger company. Forty-three percent of all cyberattacks are aimed directly at small to medium businesses, and only 14% of SMEs are ready to defend against […]
Cybersecurity has become a top-of-mind concern for many organizations. The cyber threat landscape is evolving rapidly, and companies face near-constant attacks. These attacks are growing more sophisticated and subtle as well, making them more difficult to detect and remediate. At the same time, companies face significant barriers to their ability to protect themselves against these […]
Risk management is an important part of the investors’ job. If a business they capitalize suffers significant losses due to various risks, the value of that business decreases, and the investors lose money. Investors must consider a variety of different potential risks to organizations they are considering as targets. Before committing funds, they’ll need to […]
It’s been one year since we’ve come out of stealth, and it’s been an incredible experience for the whole team at SolCyber. It’s heartening to see how much progress we’ve made in the relatively short time since my first blog post introduced SolCyber to the market. Our mission of enabling small to mid-sized enterprises (SMEs) […]
Yes, small to mid-sized enterprises (SMEs) continue to prove a fruitful target for cybercriminals. The Allianz Risk Barometer reported that cyber risks are the largest concern for companies globally in 2022. And the number of cyberattack attempts per week reached an all-time high in Q4 of 2021. Many hacking attempts — such as spam containing […]
When it comes to cybersecurity risk – it’s not just devices and networks that are susceptible to attacks. Employees are a prime target for threat actors. Research suggests that employees of small businesses will be hit with a 350% higher level of social engineering attacks than those who work in large businesses. Companies with a […]
Top 3 Reasons Cyber Insurance Policies Make Sense for SMEs Threat actors don’t discriminate and often leverage advanced attacks that are deployed continuously, ready to hit companies that may not have the resources, technology, or awareness to properly defend themselves. This often results in SMEs taking the brunt of these attacks. As a result, almost […]
Small businesses suffer 43% of all cyberattacks, according to data from Accenture, but only 14% of small businesses are ready to defend themselves. Considering that cybersecurity incidents cost businesses an average of $200,000 and that 60% of small businesses will go out of business within six months of an attack, cybersecurity should be a top-of-mind […]
In the past, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) performed very different roles. MSPs were responsible for an organization’s IT infrastructure (storage, desktop management, backups, network, etc.), and MSSPs focused on protecting the organization against cyber threats. However, as cybersecurity becomes of increasing concern for companies, the lines between MSPs and […]
As the cyber threat landscape evolves, cybercrime is becoming more professional, leading to more frequent and sophisticated attacks. All businesses are experiencing increased cyber risk – no one is excluded. Mergers and acquisitions can cause an even higher period of risk as cybercriminals take advantage of the confusion, disarray, and shift in processes that can […]
Remember the good old days when ransomware wasn’t so rampant across industries and all types of companies, large and small? Us too. Unfortunately, the way in which hackers are using ransomware has changed significantly in the last several years, leaving every company vulnerable. So, many companies have turned to cyber insurance to protect their bottom […]
Any investment comes with an element of risk, and when you’re conducting due diligence on a potential startup or are working to mature a company in your portfolio, cybersecurity risk should be assessed and considered as early as possible. That’s because it can quickly spiral out of control and result in financial, reputational, continuity, legal, […]
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