#Infosec20: Best Cybersecurity Practices for SMEs

A panel discussion on the final day of the Infosecurity Europe Virtual Conference was dedicated to cybersecurity in SMEs, and in particular, practical methods these organizations can use to most effectively protect themselves from cyber-attacks.

Bridget Treacy, partner, Hunton Andrews Kurth, who moderated the panel, firstly outlined exactly why it is so important to talk about this topic: “We all tend to assume that cyber-threats are a risk for large organizations,” she said. “Actually, if you look at Verizon’s 2019 Data Breach Investigations Report, you will see that 43% of all cyber-attacks actually target small businesses, and SMEs often have really valuable data.”

The panellists agreed that, fundamentally, the threats faced by SMEs are similar to those of large businesses. They also face the same additional challenges as a result of the COVID-19 crisis. Nick Ioannou, head of IT at Ratcliffe Groves Partnership, said: “It’s more of the same – phishing, ransomware, but its more the focus [that’s changed] because criminals know a lot of people are working from home now…and also the way they are implemented – people get phoned up now; it doesn’t all have to be all over email because everyone is dispersed so it’s a lot harder to double check.”

For SMEs with significantly smaller budgets and internal cybersecurity expertise compared with large businesses, a more considered and targeted approach to counteract ..

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