| |September 201719CIOReviewThe 101 of Cyber security for Small Businesses By Venkatesh Sundar, Co - Founder & CFO, IndusfaceVenky is the Co-founder and CMO of Indusface. He previously held the role of CTO, and built the entire Indusface application security product suite from the ground, taking it from ideation to 900+ enterprise customers. Prior to cofounding Indusface, Venky spent 10+ years in the security industry in Product Development, Professional Services and Sales with other leading security companies in the US. CXO INSIGHTSithin famous cyber attacks on larger companies getting all the media attention, smaller companies think that they're not really on target with their limited web presence. But, the numbers will shock you.According to the Osterman Research Survey Report 2016, 71% of SMEs have suffered a security breach during the previous 12 months. The risks were further highlighted in the Small Business Trend Report published last year, which states that 43% of cyberattacks target small businesses. However, the most disturbing piece of stat is from the U.S' National Cyber Security Alliance report stating that 60% of small companies that suffer a cyber-attack are out of business within six months. This should scare every business owner. Although large enterprises, once breached, offer the opportunity for a significant payout, SMEs are an easier target given their lack of security expertise, budget, and personnel to understand and addresses the risks.Today, cybersecurity is a necessity for every business online. It doesn't matter who you are. Whether you're a solopreneur, a startup, a scaling small business or an enterprise, hackers will find you. To be secure, you must ensure that your cybersecurity 101 policies are in place.Stop Bad BotsDo you know how attackers find small businesses and target them? Attacks are no longer limited to manual efforts of finding a weakness and exploiting it. With so many credential lists available for sale or already in the wild, attackers just need tools that can launch mass cyberattacks.For instance, in 2015 attackers used Sentry MBA tool and made over 5 million login attempts at a Fortune 100 B2C website using multiple attack WVenkatesh Sundar
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