Brute force attacks are not new or are they unique. In fact, hackers have been using these attacks for decades. While they’re not overly complicated, and there are ways to protect against them that our Miami cybersecurity company can help you with, the main issue is the rise in computing power.

By 2025, cybercrime is expected to cost the world $10.5 trillion annually. That’s up from $3 trillion in 2015. As attacks become more sophisticated and the world becomes increasingly more digital, the costs of cybercrimes will only rise.

But as a Miami cybersecurity company, we know that the true cost of a cyberattack is multifaceted and far-reaching.

The “Dark Web” has been around for 20+ years. It started in the year 2000 with the release of Freenet. Since its beginning, the dark web has transformed, with applications that are both good and bad for users.

For example, whistleblowers use the platform for good, but there have also been illegal marketplaces on the platform, such as the nefarious Silk Road.

Software as a Service (SaaS) is one of the most popular business models in the world. Developers host these applications, you sign up for them, and then you can perform any task that the software offers.

For example, Mint.com, Microsoft One Drive and Google Docs are all SaaS solutions.

As a cybersecurity company in Miami, we know that data breaches can cost businesses millions of dollars to fix and can ruin a brand. The best response to a data breach is ensuring that you never have one.

Precautionary measures will reduce your risk of a data breach ever impacting your business.

In today’s digital world, there’s a lot of focus on data security. In fact, our specialty is cybersecurity in Miami. But even though the costs of cyber attacks are rising, there’s still a need for physical security. Because hackers aren’t the only threat to your sensitive information.

Businesses spend an estimated 6%-14% of their IT budgets on cybersecurity. Yet cyberattacks are on the rise against small and medium-sized businesses. In fact, 46% of data breaches impact small and mid-size businesses.

As a company that focuses on cybersecurity in Miami, we see a lot of businesses focusing too much on technology and not enough on people.

The average cost of a data breach increased 2.6% in 2022, rising from $4.24 million in 2021 to $4.35 million in 2022. As a result, there’s a great deal of focus on small business cybersecurity, but it’s important to remember that even the U.S. government is not invulnerable to attacks.

Social engineering is a term that is used in the cybersecurity world, but many individuals and businesses don’t know what this term refers to.
What is Social Engineering?
Social engineering is an attack that a hacker will use to try and gain sensitive data from you or employees of a business.

Without technology, businesses cannot compete and succeed. But with the advancement in technology comes the ever-constant threat of hackers and cybercriminals. That’s why small- and mid-sized businesses (SMBs) need to protect themselves with robust cybersecurity solutions managed by reputable managed IT services providers (MSPs).
The numbers
Through the years, the number of SMBs falling victim to cyberattacks has drastically increased.