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Overview of Cyberthreats to SMBs

In the landscape of business, where giants and startups coexist, small and medium-sized businesses (SMBs) stand as a crucial but often overlooked sector. These enterprises, smaller than corporations but larger than microbusinesses, play a significant role in various industries. However, a looming danger threatens their existence – cyber threats. SMBs, lacking the strong defenses of larger corporations and government agencies, find themselves targeted by cybercriminals. According to a  study released in June 2023, 61% of SMBs in the UK and the US fell victim to hackers in the past year. This data sheds light on the urgent need for enhanced cybersecurity measures tailored to the specific challenges faced by these businesses.

Motivations Behind Cyber Attacks on SMBs

Cybercriminals target SMBs for several reasons, all of which relate to the vulnerabilities unique to small businesses. One of the primary factors is the inadequacy of cybersecurity budgets and resources. Unlike their larger counterparts, small and medium-sized businesses often lack the financial means to invest in advanced security technologies, dedicated IT teams, and cybersecurity professionals. This deficiency makes them a tempting target for hackers, who can exploit vulnerabilities to disrupt business operations and gain unauthorized access to sensitive data and networks swiftly.

Moreover, SMBs encounter a lack of cybersecurity awareness and IT-related training among their employees. This deficit increases the likelihood of their business operations falling victim to various cyber threats, including social engineering tactics such as phishing attacks. The fact many businesses rely on outdated software compounds the problem, resulting from limited financial resources and insufficient awareness of relevant cybersecurity measures.

According to the CNBC|SurveyMonkey Small Business Index Q4 2022, 4% of small business owners considered cybersecurity their most significant risk. The Digital Ocean report painted quite a grim picture, with 25% of SMBs suffering from a lack of time to manage cybersecurity threats, a pervasive resource deficiency among these businesses. Also, 41% of IT decision-makers at SMBs admit that their lack of knowledge regarding potential cyber security threats is one of the most challenging issues.



As regards qualified specialists, according to the mentioned Digital Ocean report, 38% of SMBs had no dedicated cybersecurity employees, and 42% of them had only a single employee working in this critical field.

Despite the frequent victimization of SMBs by hackers, only 6% of business owners increased their cybersecurity budgets in 2022, reflecting a concerning lack of prioritization in cybersecurity strategy.

Severe Impact of Successful Cyberattacks

While SMBs may lack the financial resources of larger enterprises, they still control valuable assets that attract cybercriminals seeking monetary rewards. Customer data, payment information, trade secrets, and intellectual property become prime targets for cybercriminals. Cybercriminals exploit these assets directly for financial gain or as a springboard to infiltrate larger organizations.

The aftermath of a successful cyberattack on SMBs is profound. The survey highlights that 58% of IT decision-makers at small and medium-sized businesses experienced business downtime due to cyberattacks. Additionally, 39% lost customer data and one-third reported a loss of customers. Alarmingly, 87% of participants reported experiencing two or more successful attacks in the past year, emphasizing the persistent nature of cyber threats.

Pervasive Threat of Social Engineering Attacks

Among the many cyber threats to enterprise companies, social engineering attacks, especially phishing, stand out as the most common threat to small and medium-sized businesses. Employees of SMBs face a staggering 350% more social engineering attacks than their counterparts at larger enterprises. Phishing scams, simple to organize and requiring minimal resources, have become an all-too-common threat.



ProofPoint’s 2023 State of the Phish Report revealed that 84% of organizations faced at least one successful phishing attack in 2022.

Through spear phishing and other social engineering techniques, cybercriminals trick business owners and employees into disclosing sensitive information, leading to more ransomware attacks, installations, and data breaches.

The financial repercussions of cybersecurity breaches are staggering. The Cost of a Data Breach Report 2023 by IBM disclosed that among companies with fewer than 500 employees, the average cost of a data breach is approximately $3.31 million per incident, translating to $164 per breached record.

Proactive Cyber Security Measures

What compounds the situation is the misplaced confidence of SMB owners regarding cybersecurity best practices. Despite lacking formal cybersecurity budgets and dedicated IT employees, 64% of SMB owners are sure they can quickly resolve a cybersecurity attack if one occurs. This overconfidence, coupled with a lack of preparedness, significantly impacts the organization’s ability to respond effectively to a cyberattack. Delayed or ineffective incident response can lead to extended downtime, increased damages, and prolonged exposure of sensitive data.

To avoid the dire consequences of cyberattacks, SMBs must adopt proactive measures to their security practices and bolster their cybersecurity defenses.

  1. When it comes to cybersecurity, one of the biggest threats that an organization might suffer from is human error. That is why it is crucial to conduct regular training sessions on security best practices to improve cybersecurity awareness among employees. Recognizing common tactics, such as phishing scams, is vital to fending off attacks.
  2. Investing in educating employees is worth doing but it is almost impossible to eliminate the human factor anyway. So, it is reasonable to maintain a first line of defense that will minimize the possibility of human error. The tool that can help you in ensuring this can be web filtering. A robust web filtering solution will not let your employees follow potentially malicious links and will enhance staff’s productivity by blocking timewasters.
  3. Given the high cost of data breaches mentioned above, SMBs should ensure their data is protected and duplicated. Determine critical data and have multiple backups to reduce the impact of a breach on operations.
  4. Using weak passwords is not something that businesses can afford to do. Implement and enforce a robust password policy. To enhance security, apply 2-factor authentication whenever possible.
  5. Prepare an incident response plan to ensure a swift and effective response to cyberattacks. When an attack happens, every moment counts, and having the right people and procedures in place can minimize downtime, reduce damages, and protect sensitive data.

The cybersecurity landscape for SMBs is fraught with challenges. As they grapple with limited resources, lack of awareness, and persistent cyber threats, the need for proactive measures has never been more critical. Small and medium-sized businesses must recognize the urgency, prioritize cybersecurity, and implement comprehensive strategies to fortify their defenses.=

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About SafeDNS
SafeDNS breathes to make the internet safer for people all over the world with solutions ranging from AI & ML-powered web filtering, cybersecurity to threat intelligence. Moreover, we strive to create the next generation of safer and more affordable web filtering products. Endlessly working to improve our users’ online protection, SafeDNS has also launched an innovative system powered by continuous machine learning and user behavior analytics to detect botnets and malicious websites.

Finding Juniper SRX and EX devices with runZero

Today, January 12th, 2024, Juniper Networks disclosed a serious vulnerability in Juniper SRX firewalls and EX switches.

The issue, identified as CVE-2024-21591, allows remote attackers to create a denial-of-service (DoS) condition or to execute arbitrary code with root privileges on vulnerable devices.

This vulnerability has a CVSS score of 9.8 out of 10, indicating that this is a critical vulnerability.
According to their disclosure, Juniper Networks is not aware of any active exploitation of this vulnerability.

What is the impact? #

Upon successful exploitation of these vulnerabilities, attackers can execute arbitrary code on the vulnerable system with root privileges. In general, this means that a successful attack would result in complete system compromise.

Are updates or workarounds available? #

Juniper has released a software update to address this vulnerability.
This update available through their support portal and other update distribution mechanisms.

How do I find potentially vulnerable Juniper devices with runZero? #

From the Asset Inventory, use the following query to locate assets that may be running the vulnerable operating system in your network:

hw:"Juniper EX" OR hw:"Juniper SRX"
 
 

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About runZero
runZero, a network discovery and asset inventory solution, was founded in 2018 by HD Moore, the creator of Metasploit. HD envisioned a modern active discovery solution that could find and identify everything on a network–without credentials. As a security researcher and penetration tester, he often employed benign ways to get information leaks and piece them together to build device profiles. Eventually, this work led him to leverage applied research and the discovery techniques developed for security and penetration testing to create runZero.

23.12.3 ‘Voyager’ released

Changes compared to 23.12.2

Enhancements

  • Added a new log message when temporary files are in use during either Backup or Restore jobs

Bug Fixes

  • Fixed an issue causing search filters to incorrectly show as [object Object] instead of a searchable parameter in the Comet Server web interface
  • Fixed an issue preventing retention passes from finishing when deleting versioned objects from a S3 storage vault with Object Lock enabled
  • Fixed an issue with the policy option “Always require password to open the application interface” not being applied correctly
  • Fixed an issue causing restores to crash if the restore failed to enter a directory (e.g. due to a permissions error preventing it from being created)
  • Fixed an issue causing tenant admins to be logged out when viewing certain pages in the Comet Server web interface
  • Fixed an issue causing Microsoft Office 365 backups to fail when receiving an unexpected orientation response from the Graph API
  • Fixed an issue with certain system directories being incorrectly reported as 0-byte files when selecting files and folders for a granular restore from Hyper-V, Disk Image, and VMware Protected items

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Comet
We are a team of dedicated professionals committed to developing reliable and secure backup solutions for MSP’s, Businesses and IT professionals. With over 10 years of experience in the industry, we understand the importance of having a reliable backup solution in place to protect your valuable data. That’s why we’ve developed a comprehensive suite of backup solutions that are easy to use, scalable and highly secure.

Joop Solutions and SafeDNS at the Heart of 24 Endurance México

In the world of motorsports, every second counts. Similarly, when it comes to providing seamless and reliable connectivity at events like 24 Endurance México, which took place from December 11 to 13, 2023. The season-closing event witnessed an extraordinary display of not just racing prowess but also technological innovation, and Joop Solutions met the challenge by delivering a Wi-Fi connection at its best.

Joop Solutions took a leading role in ensuring that 24 Endurance México is not only a thrilling spectacle on the race track but also a perfect digital experience for visitors, sponsors, and participants. With a robust network infrastructure, Joop Solutions provided a total of 12 access points, serving 1,395 unique Wi-Fi and wired client devices.

With a response time of 23 milliseconds, users experienced high connection speed, which contributed to the overall success of the event. Total data usage reached 775.64 GB, demonstrating high demand for a reliable and high-performance network.

Safe and Secure Connection with SafeDNS

By implementing the SafeDNS web filtering solution, the connection not only remained robust but also provided a layer of protection against potential threats. The use of SafeDNS enhanced the security of the network and contributed to optimizing traffic, ensuring a consistently high connection speed.

For almost 6 years, SafeDNS has proudly partnered with Joop Solutions, offering unparalleled support and services. Together, we have successfully delivered secure and high-speed Wi-Fi connection to a multitude of large-scale events across Mexico, including fairs like BAZAR HOTBOOK and races such as 24 Endurance.If you are a Wi-Fi provider seeking to enhance your services, don’t hesitate to reach out. Let us empower you to provide the best possible experience for your clients!

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About SafeDNS
SafeDNS breathes to make the internet safer for people all over the world with solutions ranging from AI & ML-powered web filtering, cybersecurity to threat intelligence. Moreover, we strive to create the next generation of safer and more affordable web filtering products. Endlessly working to improve our users’ online protection, SafeDNS has also launched an innovative system powered by continuous machine learning and user behavior analytics to detect botnets and malicious websites.

10 Strategies for Boosting Your Wireless Network Security

The ever-evolving landscape of cyber threats poses a significant challenge to network administrators. One area of focus that requires continuous monitoring and upgrades is wireless network security. Here are ten effective strategies that you can employ to fortify your organization’s wireless network against potential cyber threats.

1. Update Your Network Infrastructure

Here’s the thing, cybercriminals are opportunists. If they spot a weakness in your wireless network, they won’t hesitate to take advantage. So, let’s get ahead of them. The first order of business? Updating your network infrastructure. Yes, that means all the hardware – routers, switches, the works. But don’t stop there. It’s not just the physical gear that needs to be current; we also need to look at the software and firmware. By staying on top of updates, you’re patching up any potential security gaps that could give hackers an open invitation. Remember, in the game of cyber security, the offense is the best defense. So, don’t just play catch up. Keep your wireless network security in tip-top shape with frequent updates and you’ll be giving those pesky cyber invaders a run for their money.

2. Implement Strong Encryption

Alright, let’s talk about encryption. Think of it as the secret language of your network. Only the devices on your network can understand this language, making it nearly impossible for any eavesdroppers to make sense of your data. Now, you might be wondering, what’s the best secret language to use? Enter WPA3, one of the strongest encryption standards out there. It’s the code-cracking, cyber-secure ninja you need on your team. But remember, even the best encryption can be busted with a weak password. So, let’s not make it easy for the bad guys, okay? Avoid obvious passwords like ‘password123’ or your birth date. Go for something complex and unique. Maybe throw in some symbols, uppercase letters, or even a fun, random word. The point is, don’t be predictable. And one more thing, change these passwords regularly. It’s like changing the locks on your doors, keeping intruders on their toes. So, get cracking on that encryption and secure password and let’s keep those cybercriminals guessing.

3. Deploy Firewall and Anti-malware Protection

Ever heard of a medieval castle with no walls? Of course not. Those walls were the first line of defense against intruders, just like a firewall is for your network. This silent warrior stands between your network and the world of cyber threats, turning away suspicious traffic and giving a big fat “access denied” to malicious invaders. But we’re not stopping there. Let’s bring in some anti-malware protection. Think of it as your network’s personal bodyguard, scanning for any sketchy software that managed to slip past your firewall. Catching these bad guys before they can do any real damage is the name of the game. Of course, both your firewall and anti-malware software need to stay sharp to keep up with the latest threats. That means regular updates are a must. Consider them like training sessions, keeping your defenses ready for whatever comes their way. So, keep your guard up and your software up-to-date to make sure your network stays as impenetrable as a fortress.

4. Secure Your IoT Devices

Look around you, how many devices are connected to your network right now? Your office printer, the smart fridge in the break room, even the temperature control system – all these are IoT devices. The problem is, each of these devices is like a new door into your network, potentially inviting cyber baddies for a stroll through your data. Doesn’t sound too fun, does it? But don’t sweat, here’s what we can do. First, let’s ditch those default passwords. They’re like a welcome mat for hackers. Choose a strong, unique password for each device. And don’t forget to keep their software updated. It’s like giving these devices their own personal body armor against cyber attacks. Lastly, if there’s any device you’re not using, disconnect it. No point leaving an unused door open, right? With these steps, you’re not just connecting devices to your network, you’re making sure they’re secure. Let’s turn those potential entry points into dead ends for any would-be intruders.

5. Establish a Virtual Private Network (VPN)

Let’s talk about VPNs, or Virtual Private Networks. Picture this: You’re in a crowded coffee shop, and you’re trying to send a top-secret message to a colleague. You wouldn’t just shout it across the room, right? You’d want to pass a secure note. That’s basically what a VPN does. It creates a secure tunnel for your data to travel through, keeping it safe and confidential. This is super useful, especially if you have folks in your team who log in remotely. It’s like giving them a secret passageway into your network, away from prying eyes. So, start implementing a VPN, and let’s keep that data undercover, because in this coffee shop we call the internet, there are way too many eavesdroppers.

6. Implement Two-Factor Authentication (2FA)

Alright, next up on our security strategy hit list is two-factor authentication, or 2FA. Imagine your network is a high-tech vault. Would you secure it with just one lock? Probably not. You’d want a couple of layers of security in place. That’s what 2FA is all about. It’s a double-check, a second confirmation that it’s really you trying to access your network. Maybe it’s a code sent to your phone, or it could be your fingerprint. It’s like a secret handshake for your network. Not only does it make unauthorized access a whole lot harder, but it also alerts you if someone’s trying to break in. After all, if you get a text with a 2FA code and you’re not trying to log in, that’s a clear red flag that something’s fishy. So, roll out that 2FA. It’s a simple move that can make a big difference in keeping your network secure.

7. Regularly Monitor and Audit Your Network

Okay, let’s liken your network to a bustling city. You wouldn’t just rely on fences and locks to keep it safe, right? You’d need a dedicated team watching over it, spotting anything out of the ordinary. That’s where regular monitoring and auditing come in. It’s like your network’s own surveillance team, keeping a watchful eye on every byte and packet. Maybe there’s an unexpected surge in network traffic in the middle of the night, or a device that you don’t recognize tries to connect. These could be signs of an attempted break-in. Automated monitoring tools can raise the alarm, alerting you to these unusual activities. Just like a CCTV system can catch a prowler, regular network audits can pick up on any sneaky attempts to bypass your security measures. Remember, in this city we call your network, we don’t wait for the bad guys to strike. We stay vigilant, ready to spot any suspicious activities. So, get those network audits rolling, and let’s keep our city safe, secure, and bustling with legitimate activity.

8. Enact Network Access Control

Okay, let’s envision your network like an exclusive club. Now, not just anyone should be able to stroll in, right? You need a bouncer, someone to check IDs at the door. That’s where Network Access Control (NAC) comes into play. NAC is the no-nonsense bouncer of your network, deciding who gets the VIP pass and who gets the boot. By setting some ground rules, or policies as we like to call them, you get to decide who, what, and when someone or something can access your network. Maybe you want to limit access during certain hours, or maybe you only want certain devices on the guest list. Whatever your rules, NAC makes sure they’re enforced, giving you granular control over your network’s guest list. And the best part? No awkward confrontations at the door. So, start setting up those policies and let your NAC system do the heavy lifting. Because in this exclusive club we call your network, only the right guests get the invite.

9. Conduct Regular Security Training

Alright, picture this. You’ve got the most advanced, foolproof security system installed in your home. But, one day, you leave the front door wide open. All those high-tech gadgets are useless if we forget the basics, right? The same goes for your network security. We can have all the encryption, firewalls, and VPNs in the world, but if your team doesn’t understand why they’re important or how to use them, we’re basically leaving the front door open to cyber threats. That’s why regular security training for your staff is absolutely crucial. We’re talking about helping them spot phishing scams, showing them why ‘password123’ is a bad idea, and reminding them about the perils of unsecured WiFi networks. Let’s make them our allies in this cyber battle. And remember, the threats keep evolving, so our training needs to evolve too. Let’s make security training a regular feature on everyone’s calendar. This way, we’re not just building stronger defenses around our network, but also nurturing a security-first mindset in our team. Because in the war against cyber threats, every single one of us is on the frontline.

10. Keep Up-to-Date with the Latest Threats

So, we’ve got this cyber realm, right? It’s a bit like the Wild West – always changing, always throwing new challenges our way. Just when we think we’ve got it figured out, a new cyber villain rides into town. But here’s the good news: you’re not alone in this showdown. There’s a whole community of cyber sheriffs out there, always on the lookout for the latest threats and trends. These folks live and breathe cybersecurity, and they’re always sharing their knowledge. So, why not tap into that? Get on those industry newsletters, join some professional forums, maybe even sit down with a cybersecurity expert now and then. It’s like forming your own posse of security gurus, always ready to give you the latest intel. By staying informed, you’re always a step ahead, ready to adapt your defenses to whatever new challenge comes your way. Remember, in this cyber Wild West, knowledge is your most powerful weapon. So, keep learning, keep adapting, and let’s keep our wireless network as secure as Fort Knox.

About Version 2 Digital

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.

Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.

About Portnox
Portnox provides simple-to-deploy, operate and maintain network access control, security and visibility solutions. Portnox software can be deployed on-premises, as a cloud-delivered service, or in hybrid mode. It is agentless and vendor-agnostic, allowing organizations to maximize their existing network and cybersecurity investments. Hundreds of enterprises around the world rely on Portnox for network visibility, cybersecurity policy enforcement and regulatory compliance. The company has been recognized for its innovations by Info Security Products Guide, Cyber Security Excellence Awards, IoT Innovator Awards, Computing Security Awards, Best of Interop ITX and Cyber Defense Magazine. Portnox has offices in the U.S., Europe and Asia. For information visit http://www.portnox.com, and follow us on Twitter and LinkedIn.。

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