Stepping into 2018: Security Pros and Cons for SMBs
- January 30, 2018
- Posted by: Gary Evee
- Category: Small Businesses
Now that we are almost a month into the new year, the cybersecurity industry doesn’t know whether it’s better to reflect on what happened in 2017 or think about what is to come in the months ahead.
The following months hold a lot of promise for new technologies like artificial intelligence, machine learning, and deep learning. So too do many people have high hopes for blockchain. Innovation continues to move at rapid speed, but cyber criminals can always keep pace.
What is ahead in 2018? Let’s start with a look on the bright side.
- AI security takes a step forward. According to research from IDC, SMB use of the cloud will evolve as businesses seek to get more than just lower costs and increased flexibility and scalability. Vendors will need to prove that AI security technology is more than last year’s buzz. This year will separate the wheat from the chaff as customers will look for proof of results that make a marked difference worthy of their investment.
- Simplicity and affordability. Even enterprises struggle to implement effective multi-factor authentication solutions, but 2018 holds hope for SMBs. Thanks to everything as-a-Service, SMBs should be able to adopt two factor solutions, adding an additional layer of security that protects user credentials.
While it would be nice if security could always keep on the sunny side, adversaries are out there delivering more than gloom. As technology continues to evolve this year, SMBs will invest more wisely in their security solutions. Still, gaps in security will put your business at risk, leaving you vulnerable to ransomware, DDoS, and other cyber attacks.
Which threats should you prepare to defend against? Well, all of them, but here are 3 that will likely become more troublesome as the year goes on.
- Frauds in your feed. Fake news and other forms of computer generated propaganda will continue to fill both social media feeds and inboxes, targeting businesses of all sizes. 2018 will be a good year to consistently adhere to the ‘trust but verify’ rule.
- Adversarial machine learning. Malicious actors have acquired millions of stolen credentials with which they can potentially access services and devices. Once they’ve gained access, they can use AI to employ machine-driven attacks and actually learn from defensive responses to cause disruptions in service or tamper with machine learning outcomes.
- Ransomware rages on. Knowing about ransomware is not a defense, particularly for SMBs. Anti-virus software alone is also not a defense. A 2017 Ponemom Institute study found that ransomware was unleashed through phishing or social engineering in 79% of the reported attacks on SMBs. There are basic security policies that every business should implement, but defending against existing and emerging ransomware threats will become a top priority for small and medium businesses.
Small businesses are overwhelmed with trying to understand the diverse set of security needs to defend against cyber attacks. Whether it’s data loss or endpoint protection or threat remediation, cybersecurity is growing more complex and your budgets aren’t growing in concert.
The trusted partners of Evee Security Consulting group can deliver customized security solutions your business needs, whether it’s choosing the right technology to improve your overall security posture or understanding how to mitigate risks specific to your business. Contact us to learn more.