Security Assessment Mid-Market
Security Assessment Mid-Market
Security Assessment SMB
Security Assessment SMB
Ransomware Focus
The global annual cost of cybercrime is estimated to reach up to USD 8 trillion annually by the year-end
Ransomware Focus
Most ransomware groups focus on mid-market organizations
Ransomware Focus
~47% of global mid-market business leaders cited cyberattacks as a major threat at the beginning of the year
Ransomware Focus
>60% of mid-market companies do not have dedicated cybersecurity experts
Ransomware Focus
Organizations with <1000 employees are 63% more prone to data breaches compared with larger organization
Ransomware Focus
>88% of mid-market firms faced cyberattacks in the past one year but only 15% of their employees had any security awareness training
Security assessments help to raise security awareness by keeping managers alert and educated on potential threats.
Security assessments help organizations identify and rectify problem areas, ensuring that industry compliance is always maintained.
Security assessments can prevent internal data breaches by identifying and addressing potential vulnerabilities within an organization.
Organizations can make data-driven decisions on security resource allocation with security assessments.
Security assessments identify weak security controls, reducing the risk of security breaches and damages.
Security Assessments bring the expertise of skilled professionals who thoroughly evaluate the organization's security posture and identify vulnerabilities.
https://s3.ca-central-1.amazonaws.com/esentire-dot-com-assets/
https://www.cio.inc/ransomware-groups-will-focus-on-mid-market-companies
https://www.grantthornton.global/en/insights/international-business/
https://www.huntress.com/hubfs/2023%20Huntress%20State%20
https://mediasonar.com/2022/12/06/midmarket-enterprise-databreach/
https://techaisle.com/blog/512-global-spend-on-it-security-in-2023
Around 54% of SMB firms experienced both ransomware and cyberattacks in the past year.
Attackers are using exploits to gain unauthorized access, with more than 400,000 detections of such attacks in the first half of 2023 alone.
52% of SMBs firms experienced ransomware attacks in 2022.
87% of small businesses have vulnerable customer data, making cybersecurity measures crucial.
SMB and Midmarket spending on IT security will likely be US$84.2 B in 2023, an increase of 9.6% from 2022.
SMBs rank IT security as their 2nd highest priority, while core and upper midmarket consider it their top priority.
Lack of Expertise
SMBs often have constrained budgets and limited IT staff, making it challenging to allocate resources specifically for cybersecurity initiatives.
Security Assessment helps SMBs in making informed decisions about where to allocate budgets and personnel for maximum security improvement.
Lack of Expertise
Small businesses may not have dedicated cybersecurity personnel or the necessary expertise to assess and mitigate potential security risks effectively.
Security Assessments bring the expertise of skilled professionals who thoroughly evaluate the organization's security posture, identify vulnerabilities, and offer tailored solutions to strengthen defenses.
Lack of Expertise
Compliance with industry regulations and data protection laws can be overwhelming for SMBs.
Security Assessment helps identify areas where small and medium organization falls short of regulatory requirements, enabling them to take corrective actions and maintain compliance.
Lack of Expertise
Many SMBs may not fully comprehend the severity and potential impact of cybersecurity threats, leading to a lack of priority in investing in security measures.
The Security Assessment process raises security awareness across the SMB organization, fostering a culture of security-conscious employees. Only 32% of SMB and midmarket employees understand phishing.
Lack of Expertise
SMBs may have basic security controls in place, but they may not be sufficient to defend against sophisticated cyber threats.
Identifying weak security controls enables the organization to strengthen them, reducing the overall risk of security breaches and potential damages.
Lack of Expertise
SMBs face the risk of insider threats, where employees or internal stakeholders with access to sensitive information may misuse or leak it. According to the World Economic Forum, human error is the leading cause of cybersecurity breaches, accounting for 95% of incidents. This highlights the importance of employee training and awareness to reduce the risks associated with human error.
Security Assessments evaluate internal security protocols and highlight potential vulnerabilities, helping SMBs develop robust security measures to safeguard against insider risks.
