With the spread of hybrid working and the increasingly digitalization of SMEs, the data protection needs of these companies have also increased. However, SMBs lag behind in understanding and implementing security-related improvements. In Canada, which has the ninth largest economy in the world in terms of nominal gross domestic product, SMEs make up almost 99 percent of the business world. About 45 percent of employees at these companies believe their companies are at risk of a cybersecurity attack. Attacks against companies of this size, regardless of industry, can result in serious impacts on business continuity, revenue and reputation.
Why are SMEs targeted?
To understand why SMEs are the target of so many cyberattacks, we also need to look at large companies. Companies often aim to have a high level of prevention, monitoring and elimination capabilities as they expect to be hacked. In addition to having the budget and desire for enhanced security, they also have the IT staff dedicated to security. Unlike large companies, SMEs do not have the resources (budget and people) to prioritize cybersecurity. In addition to the lack of resources, SMEs often believe they are not in danger because they are not as interesting to cybercriminals as larger companies. In fact, SMEs, like large organizations, handle sensitive data and can become a springboard for cybercriminals whose ultimate target is large organizations; because an SME can be part of a supply chain serving such organizations.
Hybrid workplace protection
Prioritizing cybersecurity may seem difficult and costly, but long-term investors pay off. The new hybrid work environment has added a huge responsibility to IT managers (as well as home managers) of all companies, small and large, to proactively address security challenges. With hybrid work becoming the new normal, employees are increasingly turning to productivity tools such as Teams, SharePoint, and Outlook, which also pose a security risk. A product like ESET Cloud Office Security (ECOS) provides protection to these extremely popular tools.
SMB-friendly solutions from ESET
ECOS provides security for Microsoft 365, including OneDrive and Exchange Online. It is also easy to implement and manage for SMEs and companies. Protects employees from dangerous emails. Malicious emails, including phishing emails and business email breaches, are still on the rise. ECOS adds an important layer of security to the built-in protection in Microsoft 365 to scan incoming email and attachments in Exchange Online for spam, phishing, and malware.
ECOS isolates suspicious emails and can send an automatic email notification to prompt administrators to take action, or administrators can set up ECOS to automatically delete detected items or move them to junk or trash folders. This is very important as malicious email attachments represent a large part of the threats faced by business networks.
Also, ECOS integrates with OneDrive to scan all files for malware. Every file uploaded to OneDrive or shared via SharePoint is checked using the powerful malware detection engine. If the engine detects a dangerous file, the file is quarantined, where only administrators can access the file and the user is protected. This feature helps companies block malware before it spreads to other files and disrupts business.