Your business ambitions · all work mobile devices – helping your business avoid the potential...
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Our cyber security myth-buster guide Your business ambitions
Transcript of Your business ambitions · all work mobile devices – helping your business avoid the potential...
Our cyber security myth-buster guide
Your business ambitions
Cyber attacks are on the rise
1. Hiscox, https://www.hiscox.com/cybersecurity, 2019. Hiscox’s annual report surveyed nearly 5,400 professionals from the US, UK, Germany, Belgium, France, Spain and the Netherlands.
61%True: globally,
of firms reported experiencing a cyber incident in 2019,
compared to 45% in 2018.1
But there are also many widespread misconceptions around this subject.
10 cyber security myths busted for small businesses
2. Tech Republic, https://www.techrepublic.com/article/66-of-smbs-dont-believe-they-are-vulnerable-to-cyberattacks/, 2019. 3. FSB, https://www.fsb.org.uk/resources-page/small-firms-suffer-close-to-10-000-cyber-attacks-daily.html, 2019.
10 cyber security myths busted for small businesses
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In particular, the majority of small business leaders don’t believe they’re vulnerable to a cyber attack. This is unfortunately not the case.
In the UK, small businesses are victim to
attacks every single day.3
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Cyber security is a crucial consideration for any modern business – whatever your size,
whatever your industry.
10 cyber security myths busted for small businesses
To help your business get secured against cyber threats today and for the future, Vodafone has collected the top 10 commonly believed myths held by small businesses around cyber security.
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10 cyber security myths busted for small businesses
“ No one will bother to hack my business. It’s not big enough.”
no.1Myth
10 cyber security myths busted for small businesses
“ No-one will bother to hack my business. It’s not big enough.”
False. 43% of cyber attacks in 2019 involved small business victims.4
And in the UK, one in five small businesses have been an unfortunate victim of a cyber attack between Jan 2017–Jan 2019.5
no.1
4. Verizon, https://enterprise.verizon.com/resources/reports/2019-data-breach-investigations-report.pdf, 2019. 5. FSB, https://www.fsb.org.uk/resources-page/small-firms-suffer-close-to-10-000-cyber-attacks-daily.html, 2019.
10 cyber security myths busted for small businesses
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Myth
“ Why would we need to worry about mobile security when our employees bring their own phones in?”
no.2
10 cyber security myths busted for small businesses
Myth
no.2
6. Small Business Trends, https://smallbiztrends.com/2018/08/cybersecurity-myths.html, 2018.
“ Why would we need to worry about mobile security when our employees bring their own phones in?”
Actually, 20% businesses have experienced a breach when employees bring their own devices,such as a mobile.6
This is because they are more likely to download apps and external software, increasing the chance of introducing malware into the work IT system.
10 cyber security myths busted for small businesses
Myth
no.3
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“ Security is too expensive for us.It just isn’t high on the priority list.”
10 cyber security myths busted for small businesses
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Myth
no.3
7. FSB, https://www.fsb.org.uk/resources-page/small-firms-suffer-close-to-10-000-cyber-attacks-daily.html, 2019.
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“ Security is too expensive for us. It just isn’t high on the priority list.”
Although there is a cost associated with cyber security, it really does pay to get protected.
The average cost of a cyber attack for a small business is £1,300.7
10 cyber security myths busted for small businesses
Myth
no.4 “ I’ve got antivirus software on my laptop so I don’t need security on my phone.”
10 cyber security myths busted for small businesses
Myth
no.4
8. Cyber Security Breaches Survey 2019: Statistical Release, 2019.
“ I’ve got antivirus software on my laptop so I don’t need security on my phone.”
That’s not the case, unfortunately.
The most disruptive cyber attacks are most commonly carried out through scam emails. So they can affect any device that you open emails on, including phones.8
10 cyber security myths busted for small businesses
Myth
no.5 “ We trust our team to make the right decisions. They wouldn’t compromise our security.”
10 cyber security myths busted for small businesses
Myth
no.5
9. Small Business Trends, https://smallbiztrends.com/2018/08/cybersecurity-myths.html, 2018.
“ We trust our team to make the right decisions. They wouldn’t compromise our security.”
In fact, even if it is accidental, 60% of breaches come from within the business.9 This meansit’s key to have policies and software in placeto regulate employees’ online behaviour and to regularly train them on best practice.
10 cyber security myths busted for small businesses
Myth
no.6
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“ Cyber security is just common sense. If something doesn’t look right, you don’t click on it.”
10 cyber security myths busted for small businesses
Myth
no.6
10. Cyber Security Breaches Survey 2019: Statistical Release, 2019.
“ Cyber security is just common sense. If something doesn’t look right, you don’t click on it.”
It just isn’t that simple. In fact, almost a third of scam emails are opened.10 Cyber criminals are getting more sophisticated, and dodgy emails are getting harder to spot.
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10 cyber security myths busted for small businesses
Myth
no.71
“ We’ve got Macs at work, so cyber security isn’t relevant. Macs can’t be hacked.”
10 cyber security myths busted for small businesses
Myth
no.7“ We’ve got Macs at work,
so cyber security isn’t relevant. Macs can’t be hacked.”
Again, remember that the worst cyber attacks come through fraud emails. That means they can affect any computer, of any brand. Macsare not immune to the threat of cyber criminals.
10 cyber security myths busted for small businesses
Myth
no.8 “ We’d know if we were breached. And we definitely haven’t been.”
10 cyber security myths busted for small businesses
Myth
no.8
11. Verizon, https://enterprise.verizon.com/resources/reports/2019-data-breach-investigations-report.pdf, 2019.
“ We’d know if we were breached. And we definitely haven’t been.”
Not necessarily true, sorry. It can take some time to realise a hack has happened. More than half of cyber security victims in 2019 took months (or longer) to discover their security breach.11
10 cyber security myths busted for small businesses
Myth
no.9 “ We’re a young, tech-savvy company. We’ll be fine.”
10 cyber security myths busted for small businesses
Myth
no.9
12 & 13. State of the Phish, https://www.proofpoint.com/sites/default/files/gtd-pfpt-uk-tr-state-of-the-phish-2020-a4_final.pdf, 2020.
“ We’re a young, tech-savvy company. We’ll be fine.”
Half of workers let their friends and/or family use their work devices, so it’s not just employees who put companies at risk.12
Plus, according to a study by Proofpoint, young people are actually less secure than those over 55 when it comes to their digital habits.13
10 cyber security myths busted for small businesses
Myth
no.10 “ We don’t deal with sensitive data. No one would hack us anyway.”
10 cyber security myths busted for small businesses
Myth
no.10
14. Verizon, https://enterprise.verizon.com/resources/reports/dbir/2019/data-breaches-by-industry/, 2019.
“ We don’t deal with sensitive data. No one would hack us anyway.”
While it’s true that certain industries are bigger targets (for example, the public sector and entertainment), 2019 saw attacks on businesses of all types – from manufacturing to retail.
10 cyber security myths busted for small businesses
Myth
That’s why Vodafone offers Lookout and mobile device management to secure all work mobile devices – helping your business avoid the potential pitfalls of cyber attacks.
See the full range of mobile security and management apps we offer over on Vodafone Business Marketplace.
10 cyber security myths busted for small businesses
And to get started on making your business more cyber-secure today, tick off our handy checklist on our first steps guide or for more information visit www.vodafone.com/businessmarketplace.
Be aware. Be safe. Be cyber-secure. Vodafone Business Marketplace mobile security apps
10 cyber security myths busted for small businesses
