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A widespread misconception for small businesses is the notion of security through obscurity - that your organization is 'not big enough' to be a target. On the contrary, the reality is that SMBs are hit hardest by cyberattacks.1

It's no secret that incidences of cybercrimes have continuously been soaring in the recent past.

A recent report from Microsoft sheds light on the current state of cybercrime.1 The software giant released of its annual Digital Defense Report, which analyzes cybercrime over the past 365 days, to the public. The analysis shows how adaptable hackers have proven to be.

With a world that is becoming highly connected, there is a corresponding rise in cybercrime threats. A recent study by the University of Maryland and published in an article in Security Magazine shows that, on average, an internet-connected device is hacked every 39 seconds.

Early this year, a worldwide pandemic, COVID-19, changed how businesses operate. In order to adhere to laid out restrictions, companies across the globe were forced to shut down their offices and shift their business operations from the traditional office space workplace to a work-from-home model to maintain business continuity.

Cyberattacks are causing losses for organizations that were already struggling to deal with the pandemic's effects. We had about a breach every week before the pandemic. The frequency of these attacks has increased during the pandemic.

These breaches cause a lot of losses to organizations.

Internet-based technology and cloud technology influence how businesses operate today. However, the web also opens up new surfaces for cyber-attacks. No matter if hackers, nation-states, or ordinary criminals cause breaches in your business IT security, the result could be data loss, a dent to business credibility, or even physical damage to your IT infrastructure.

As we deal with the pandemic, you may miss alarming trends in other areas. One area that should be of concern is cybersecurity. Statistics show the frequency and severity of cyberattacks have increased.1

Do you need to worry? How can you avoid cyberattacks?

LeadingIT compiled these statistics to help organizations understand the problem.

Who could have imagined, just one year ago, that millions of people would be working from home, some for the first time? MSPs, IT support teams, and the companies that employ them have had to adjust to new cybersecurity challenges during the COVID-19 pandemic.