With 2020 (finally) coming to a close, It’s that time of year where small and mid-size enterprises (SMEs) reflect on the past year and plan for the future. While no one could have predicted what a wild year 2020 was, we here at Cygilant spent time thinking about the cybersecurity challenges our clients will face in 2021.
So here are four predictions that SMEs should prepare for in 2021:
- Cloud Management – Due to the COVID-19 pandemic, businesses accelerated their migration to the cloud in 2020. Since the cloud is outside the reach of firewalls and other corporate security technologies, this presents an open opportunity for cybercriminals. So in 2021, to properly secure remote workers and their organization, SMEs will need to gain visibility into their cloud infrastructure. As part of this, it will be key for IT and security teams to better understand normal user behaviors in order to better identify users engaging in risky behaviors.
- Back to Basics – 2020 was hard on SMEs since the shift to remote work and adjustments to the new normal greatly impacted their operations. The good news is that 2021 isn’t likely to be as disruptive. IT and security teams should re-focus how they can apply basic security fundamentals within their hybrid and cloud environments to protect their organization from cyberattacks.
- Phishing – Phishing has always been a prevalent threat against SMEs, but this was especially true in 2020. According to the Verizon Business 2020 Data Breach Investigations Report, users are three times more likely to click on a phishing link and then enter their credentials than they were pre-COVID. Unfortunately in 2021 this will only get worse. Cybercriminals will likely up level their efforts even further by implementing greater personalization and customization to trick even the smartest users. In 2021, IT and security teams will need to keep employees informed and on high alert for potential phishing attacks.
- Lack of Resources – Given the state of the world in 2020, many SMEs were simply trying to stay afloat. Because of this, when planning budgets for 2021 many SMEs will make the mistake of reducing their cybersecurity budget because they view it as an operating cost. This mistake will make the organization extremely vulnerable to cyberattacks and threats that are only increasing. To make the case to executive leadership and the decision makers, it will be important for IT and security teams to position security as a sales enablement tool that demonstrates the organization’s commitment to the safety of its clients’ data.
Looking to improve your cybersecurity in 2021? Reach out to learn how Cygilant can help keep your SME secure.