Cybercriminals narrow their focus on SMBs

Acronis has released its Cyberthreats Report Mid-year 2021 update.  The report warns that small and medium-sized businesses (SMBs) are at particular risk based on the attack trends seen during the first six months of the year.

The report revealed that during the first half of 2021, 4 out of 5 organisations experienced a cybersecurity breach originating from a vulnerability in their third-party vendor ecosystem. That’s at a time when the average cost of a data breach rose to around $3.56 million, with the average ransomware payment jumping 33% to more than $100,000.

While that represents a major financial hit to any organisation, those amounts would sound the death-knell for most SMBs, which Acronis believes is a major concern for the second half of 2021.

“While the increase in attacks affects organisations of all sizes, something that’s under-reported in the coverage of current cyberthreat trends is the impact on the small business community,” explained Candid Wüest, Acronis VP of Cyber Protection Research. “Unlike larger corporations, small and medium-sized companies don’t have the money, resources, or staffing expertise needed to counter today’s threats. That’s why they turn to IT service providers – but if those service providers are compromised, those SMBs are at the mercy of the attackers.”

By utilising supply-chain attacks against managed service providers (MSPs), attackers gain access to both the MSP business and all of its clients. As seen in the SolarWinds breach last year and the Kaseya VSA attack earlier in 2021, one successful attack means they can breach hundreds or thousands of SMBs downstream.

Read the latest edition of PCR’s monthly magazine below:

Like this content? Sign up for the free PCR Daily Digest email service to get the latest tech news straight to your inbox. You can also follow PCR on Twitter and Facebook.

 

 

Check Also

PPDS collaborates with industry leaders to bring AI-driven Philips digital signage

PPDS is collaborating with Intel, Advantech and Navori Labs to create an intelligent signage solution …