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Essential Cybersecurity for Small and Medium Size Enterprises

February 7, 2024

As a business leader, safeguarding your company’s digital assets is paramount, and it doesn’t have to break the bank. We’ll explore essential cybersecurity solutions, focusing on practical and cost-effective measures that deliver maximum impact.

Threats Facing Businesses

To build a robust cybersecurity strategy, it’s crucial to understand the threat landscape that small and medium-sized businesses face. Cyber threats are diverse, ranging from phishing attacks and ransomware to insider threats. Recognizing the potential risks is the first step in crafting an effective defense.

Read how MGM Resorts fell victim to a vishing (voice phishing) attack in September of 2023.

Employee Training & Education

Investing in employee training and education is the cornerstone of a strong cybersecurity posture. Conduct regular training to educate your staff about phishing schemes, social engineering tactics, and the importance of strong password practices. The effectiveness of other cybersecurity tools is quickly negated when employees allow malicious actors into the environment.

According to the 2023 Barracuda Spear-Phishing Trends Report:

  • 1 in 4 organizations had at least one email account compromised in 2022.
  • 50% of organizations were victims of spear phishing in the last 12 months.
  • Hackers send an average of 370 malicious emails from each compromised account.
  • It takes nearly 2 days on average to detect an email security incident.

Video: How to spot social engineering attempts

Blog: Why the human factor is still the most important part of IT Security

Blog: Whaling – how cybercriminals weaponize social engineering

Endpoint Security Measures

Traditional antivirus solutions are no longer sufficient to protect against sophisticated cyber threats. Consider endpoint security measures that go beyond antivirus software. Endpoint detection and response (EDR) and managed detection and response (MDR) solutions provide real-time monitoring and response capabilities, enhancing your defense against advanced threats.

Learn more about MDR from Alert Logic, a Dewpoint partner.

Securing endpoints requires knowing what devices you have in your environment. Read our blog on the impact of IoT devices on security and reach out to chat with our team about cutting-edge IoT device management.

Network Protection

Secure your network by implementing robust measures such as firewalls, intrusion detection systems (IDS), and secure Wi-Fi practices. Firewalls act as a barrier between your internal network and external threats, while IDS helps identify and respond to suspicious activities. Additionally, ensure secure Wi-Fi practices, including strong encryption and regular password updates.

Want instant feedback on your security posture? Take our quiz

Be Mindful of Costs and Prioritize

Recognizing budget constraints, focus on cost-effective strategies that provide optimal protection. Consider open-source security solutions, leverage cloud-based security services, and prioritize security essentials based on your business needs.

Proactive Measures for Long-Term Security

Regularly conduct cybersecurity risk assessments to identify vulnerabilities and prioritize remediation efforts. Implementing a cybersecurity posture assessment helps gauge the effectiveness of your security measures and guides continuous improvement.

Learn more about CIS assessments from Dewpoint.

Principle of Least Privilege

Identify and classify the critical data that your business has. By restricting access to only the people who must access the data to perform their jobs, you limit the risk of an unauthorized user gaining access and harming the company. Restricting access and establishing the principle of least privilege across all your teams could save you from loss and reputational damage.   

Regulatory Compliance Considerations

For businesses in healthcare or defense, compliance with regulations like HIPAA (Health Insurance Portability and Accountability Act) and CMMC (Cybersecurity Maturity Model Certification) is a must. Ensure your cybersecurity measures align with applicable regulations to avoid legal and financial repercussions.

More about CMMC

Next Steps

Protecting your business against cyber threats requires a holistic and strategic approach. By understanding the threat landscape, investing in employee education, implementing robust endpoint and network security measures, and adopting cost-effective strategies, you can fortify your digital defenses. Cybersecurity is not a one-time effort but an ongoing commitment to safeguarding your business.

Dewpoint, an award-winning, Michigan-based technology firm, has been helping businesses prepare for, stay ahead of, and respond to IT challenges for over 26 years. From IT security to infrastructure management to automation, cloud migration, and beyond, Dewpoint has long been a trusted technology resource for businesses. 


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