5 Cybersecurity Statistics from 2019 You Should Know About

Cybersecurity statistics can be both shocking and unsettling, and sadly these stories are all too common. Lucky for you, OTELCO managed services can protect you and your business from becoming one of them. 2020 is already full of enough challenges without adding a security breach to the list. We’ve compiled some cautionary tales and tips on how you can avoid being part of the next wave of statistics. 

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The U.S. leads the way with more than $27 million in annual costs related to cybercrime

While 30% of respondents to the KnowBe4 2019 Security Threats and Trends Report said their company doesn’t have a separate security budget, falling victim to cybercrime can be a huge financial setback. All it takes is one person to click through a phishing email without the proper protections to leave your company in a big hole. Avoid the risk and develop a managed services budget that will certainly pay off in the long run. 

56% of employers don’t provide their cybersecurity team with the right level of training to keep up with business and IT risks.

You read that right. Many businesses expect their IT teams to be experts in cybersecurity, even if they don’t provide access to up-to-date training. OTELCO offers 24/7 Helpdesk Support that will allow your IT team to focus their efforts on training and revenue increasing projects. 

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Cybercrime breaches are expected to increase nearly 70% by 2024. 

Cybercrime is not going away. In fact, it’s projected to get much, much worse. Business losses due to cybersecurity breaches will rapidly multiply, and if you aren’t prepared, it’s only a matter of time before you experience an attack. While most businesses have internal networks, few have active network management practices in place. When it comes to cybersecurity, reactivity is not enough. Our Network as a Service option streamlines your network by partnering proactive monitoring with preventative maintenance to keep your connection operating at peak performance and actively prevent cyberattacks. 

73% of companies use at least 25 cybersecurity tools. 

It’s almost as if with the emergence of each new cybersecurity threat there’s a new tool to add to your repertoire. And when you have that many tools, it’s unlikely your team is using any of them to their full advantage

Protecting your business from cybersecurity threats does not have to be complicated or involve several dozen tools. A few well-managed tools and proper integration not only simplify the process but make sure that you are completely protected. Our team has experience helping companies simplify their system of cybersecurity tools.

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76% of organizations say the biggest and most persistent security threat comes from “the enemy within.” 

Who is “the enemy within?” The term describes careless end users who fall victim to phishing emails, ransomware, malware, and other dangerous content. Most of this is due to a lack of awareness or careful examination of online communication. 

The need to move over to remote work due to the COVID-19 pandemic has left companies even more vulnerable to careless acts by employees. Anti-virus software helps ward off dangers like malicious websites or ransomware attacks while SOC environments ensure that infrastructure, and subsequently those on it, stay safe with 24/7 monitoring and patch deployments. Layer those two dynamic security solutions with Defendify’s employee training resources and you can build a secure infrastructure your clients can trust to hold their data. 

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If these cybersecurity threats have you reconsidering your companies’ vulnerability to cybercrime, set-up a free consultation with our experts. They can share what managed services are right for your business, so you never have to worry about cybercrime again. Worried about Covid-19? Book a virtual visit! All the helpful information you would get from in-person consultation but with zero-risk of exposure!

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