New research from Kaspersky reveals that roughly 36 percent of small businesses have been victims of data breaches so far in 2019. 

There seems to be a constant supply of news stories involving high-profile, high-impact criminal cyber activity. More often than not, the data breaches that we hear about occur at large businesses or global organizations. This leads many people to think that it’s only those big companies who are at risk of being attacked. They incorrectly assume that today’s cybercriminal is always looking for a giant financial payout or a huge cache of personal data. But the reality is that small and mid-size businesses (SMB) are actually at greater risk.

In today’s complex digital world, cybersecurity threats are high and rising. The Identity Resource Center’s 2017 Annual Data Breach Year-End Review reports publicly-disclosed data breaches were up 45 percent from 2016. And the 2018 Thales Global Data Threat Report notes that 71 percent of U.S. enterprises have suffered at least one data breach “over the past several years,” with 46 percent reporting a breach “in the past year,” up from 24 percent in the prior survey. As cyber threat volume and sophistication increase, financial institutions of all sizes are challenged to maintain and prove cyber safety and soundness.

When it comes to securing your organization’s data, it may feel like you need to cover all of the spaces: inside, outside, and even upside down. It’s no wonder, since security risks exist everywhere: inside the network and outside the firewall, from employees accidentally leaking information via their mobile devices to outside phishing and malware threats trying to get in.