As an owner of a small to medium-sized enterprise (SME) it’s easy to completely disregard the need for a cybersecurity solution. Many owners have the mindset that “there’s not much to steal” or that cybercriminals will be too busy focusing on larger businesses.
Unfortunately, this common mistake couldn’t be further from the truth.
Without proper protection, it’s almost inevitable that your business will be targeted by cybercriminals at one time or another. This is more true now than it ever has been before, with a large number of cybercriminals turning their attention to small and medium-sized organizations in the knowledge that they generally have weaker security measures.
Why is cybercrime a concern for SMEs?
In recent years, cybercriminals have increasingly begun to target small and medium-sized businesses. In fact, nearly one in three (28 percent) breaches included in Verizon’s 2020 Data Breach Investigations Report calculations included small businesses.
Even more worrying is the cost of a cybercrime for small and medium-sized businesses.
Research from IBM and the Ponemon Institute’s The Cost of Insider Threats Global Report 2020 shows that small organizations (those with fewer than 500 employees) spend an average of $7.68 million per incident. If you fall prey to cybercrime, there’s a high chance it will completely cripple your company.
How OT Group’s latest solution can help protect your company
Securing your company’s hardware, software and data from cyberthreats should be high on the agenda for your IT strategy. Cybersecurity attacks can result in everything from blackmail attempts, the loss of customer data, operational downtime and identity theft.
Unfortunately, many small to medium-sized businesses are still struggling to implement effective practices and technologies that properly protect them from cybercrime and the damaging effects it brings.
What is Covalence and how does it work?
Covalence for Business provides organizations with a complete cybersecurity solution in one platform. It allows you to monitor your cloud services, network, and devices - protecting them against cyberthreats.
By providing real-time visibility across your entire network to help you detect threats and vulnerabilities, Covalence delivers prevention as the first line of defence for your small to medium-sized business in Ontario.
Covalence works by monitoring your entire network and then creating actionable reports on the cyberthreats and risks to your business. A team of cyber analysts from Covalence check those alerts and offer best practice recommendations that will improve your company’s security.
The innovative Covalence software provides:
24/7 expert advice: The Covalence team of cybersecurity experts are always on hand to help you improve your cybersecurity measures. They will receive alerts from the software and help you put measures in place to protect your organization from any threats and vulnerabilities found.
Security monitoring and analytics: Covalence is constantly monitoring your organization’s network, providing real-time analytics on any vulnerabilities, weaknesses or threats that are found. Not only will you be able to detect potential threats before they occur, you will be able to close any vulnerabilities before they become a serious concern.
Want to learn more about Covalence and how it can protect your organization from cybersecurity threats? Read our Covalence page or contact the OT Group of IT experts today, we would love to answer any questions that you may have.