Without adequate cyber protection, small and medium-sized businesses (SMBs) can face a variety of problems. Some of the most common ones are:

• Cyberattacks: SMB’s are often targeted by cybercriminals because they are perceived as easier targets than larger organizations. Cyberattacks can result in data breaches, financial losses, and reputational damage.
• Lack of cybersecurity talent: SMBs may not have the resources to hire dedicated cybersecurity professionals, which can leave them vulnerable to attacks.
• Insufficient budget: SMBs may not have the budget to invest in adequate cybersecurity measures, such as firewalls, antivirus software, and employee training.
• Lack of awareness: Employees may not be aware of the risks associated with cyber threats, such as phishing scams and social engineering attacks.
• Regulatory compliance issues: SMBs that handle sensitive data may be subject to regulatory requirements, such as Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada, the General Data Protection Regulation (GDPR) in the EU, and / or the Health Insurance Portability and Accountability Act (HIPAA) in the US. Failure to comply with these regulations can result in legal penalties and reputational damage. Non-compliance with PIPEDA in Canada can result in fines of $100,000 CAD per occurrence.

The implications of having inadequate cyber protection for SMBs can be severe. Some of the more common ones include:

• Financial losses: Cyberattacks can result in significant financial losses for SMBs, including the cost of repairing systems, lost revenue due to downtime, and legal fees.
• Reputational damage: A data breach or other cyberattack can damage an SMB’s reputation, leading to a loss of customers and revenue.
• Legal penalties: SMBs that handle sensitive data may be subject to regulatory requirements. Failure to comply with these regulations can result in legal penalties and reputational damage.
• Loss of intellectual property: Cyberattacks can result in the loss of valuable intellectual property, such as trade secrets or proprietary information.
• Operational disruption: A cyberattack can disrupt an SMB’s operations, leading to downtime and lost productivity.

Sage: A global accounting, financial, HR and payroll technology provider for small and mid-sized businesses (SMBs) conducted a research study across eight countries, including Canada, to understand SMBs’ perceptions on cybersecurity and the key hurdles organizations are facing in this space. The study found that more than two-thirds (67%) of Canadian SMBs think cybersecurity is a major concern for their business, with one-third (29%) experiencing more than one incident in the last year. The top 5 types of cyber breaches impacting Canadian SMBs include data loss (20%), Distributed Denial-of-Service (DDoS) attacks (19%), stolen laptops (18%), ransomware attacks (16%) and credential theft (14%).

Tri-Paragon’s Acronis Cyber Protect Cloud is an all-in-one integrated backup and cybersecurity platform that offers comprehensive backup and disaster recovery across our client’s environments, data loss prevention through device control, and anti-malware protection with AI-based static and behavioral heuristic antivirus, anti-malware, and anti-ransomware technologies. It also provides full stack protection technologies that employ multiple defense layers to protect users against any cyber threat whether it leverages website connection, zero-day exploits, malicious injections, obfuscated malware, or other advanced malicious techniques that bypass traditional antiviruses such as fileless attacks. Tri-Paragon’s Acronis Cyber Protect Cloud’s protection pack can also prevent malware and email threats that evade conventional defenses such as advanced persistent threats (APTs) and zero-day attacks by leveraging Perception Point’s unique CPU-level technology.

Tri-Paragon’s Acronis Cyber Protect Cloud delivers integrated backup, disaster recovery, cybersecurity, and endpoint management at scale while streamlining business operations with powerful automation capabilities and broad integrations. It also allows us to efficiently manage and monitor our clients through a single console, giving us better and more effective control over their cyber protection.

Tri-Paragon’s Acronis Cyber Protect Cloud is a comprehensive backup and cybersecurity platform that offers integrated backup and disaster recovery, data loss prevention, and anti-malware protection with AI-based static and behavioral heuristic antivirus, anti-malware, and anti-ransomware technologies. It also provides full stack protection technologies that employ multiple defense layers to protect users against any cyber threat whether it leverages website connection, zero-day exploits, malicious injections, obfuscated malware, or other advanced malicious techniques that bypass traditional antiviruses such as fileless attacks. Tri-Paragon’s Acronis Cyber Protect Cloud’s protection pack can also prevent malware and email threats that evade conventional defenses such as advanced persistent threats (APTs) and zero-day attacks by leveraging Perception Point’s unique CPU-level technology.

Cybersecurity is a top priority for Tri-Paragon. You should make it a top priority for you as well.

Protect your business from cyber threats with Acronis Cyber Protect Cloud from Tri-Paragon. Request a demo today to learn how our all-in-one integrated backup and cybersecurity platform can help you safeguard your business against any cyber threat. Call Roy at 1 (343) 800-0246 or send him an e-mail at roy.bartlett@triparagon.com to book your demo.