It’s no surprise that cybercriminals are always looking for new vulnerabilities to take advantage of, and we are now becoming inundated, and even accepting, of breaches making daily news headlines. However, their swift increase in the first quarter of 2019 is shocking even by today’s standards.
According to a recent report by Malwarebytes, cyber threats are up 235% year-over-year, primarily the result of a surge in ransomware and trojans.
However, bad actors aren’t just increasing the frequency of their attacks. They are changing their focus. The study found that cybercriminals are targeting SMBs because they have less money and resources to spend on cyber defence.
Most prominently, cybercriminals are relying on ransomware. Corporate ransomware attacks are up 195% from the last quarter, and they have grown at an astonishing 500% since April 2018.
It’s no secret that today’s threat landscape is always evolving, and protecting small businesses requires a continual reevaluation of your organization’s most prominent vulnerabilities. However, in order to fight fire with fire, companies must enlist the help of security solutions that are designed to keep a pulse on hacker activities and employee/customer information.