Attackers Have Successfully Hit the Nation's Largest Corporations – Their Onslaught on SMBs Will be Worse – Are You Prepared?

Leading Managed Technology Services Provider Shares How SMBs Can Protect Themselves from Cyberattacks and Ransomware Threats

VAN NUYS, CA

Gateway TelNet a leading managed technology services provider (MTSP), recently shared that some of the nation's largest corporations, like McDonalds, Adobe, eBay, Equifax, LinkedIn, Marriott, Target and Yahoo have all been affected by cybersecurity breaches. While many of these breaches have been widely publicized, they only represent a small fraction of the attempted cyberattacks, which the modern business owner now faces. As a result of these breaches, we are also beginning to see cybercriminals become more emboldened, targeting more critical infrastructure in an effort to demand heftier sums. In fact, recently the Colonial Pipeline, which is responsible for supplying 45% of the fuel for the East Coast, was hit with a ransomware attack. This halted gas distribution, sending customers into "panic buying" throughout the East Coast and eventually cost $4.4 million to restore. Meanwhile, JBS, one of the nation's largest meat processors who is responsible for 20% of the nation's meat supply, was also hit with a ransomware attack that they eventually paid $11 million to resolve. While most SMBs are aware of the growing threats posed by cybercriminals, they are failing to recognize that after large corporations and major infrastructure centers fortify their cyber defenses, hackers will have no place to turn but to small business.

Gateway TelNet has been doing its best to educate business owners on the challenges that a breach, virus or phishing attack could have on any organization, and its best summarized by this statistic from the National Cyber Security Alliance, "60 percent of small and mid-sized businesses that are hacked go out of business within six months." While daunting, all this statistic actually reveals is that any preventative actions taken now, could have dramatic impacts on helping an SMB avoid these kinds of disruptions. "It's always a delicate balance," states Jerry Hilecher, President of Gateway TelNet. "We consider it our duty to be honest in regards to the scale and scope of cyberattacks in the modern era, however, there's so much that businesses can do to protect themselves, so that they don't have to worry about these sorts of nuisances affecting them."

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