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In this world of digital transformation, cyber security is an issue that’s more important than ever.

Cyberattacks per Day


Ransomware Attacks (2023)


Security Spending Increase (2024)


SMBs were the target of a Cyberattack (2021)

Understanding the Threat Landscape

The cybersecurity landscape is constantly changing, with cybercriminals developing new tactics and exploiting ever-more sophisticated vulnerabilities. This poses a significant risk to businesses of all sizes. Here’s a quick overview of some key points to understand the current threats and the importance of proactive measures.

  • Increased attack frequency: More than 2200 attacks occur daily, and this number is growing steadily.
  • Ransomware is an acute concern: The increasing number of operators and the number of organisations attacked by this kind indicate the necessity of including it in the top line. This tool is particularly used against construction organizations and small businesses.
  • Phishing is still popular: This denotes the need to include the importance of employees’ dedication in the security plan.
  • Diverse Attack Methods: With the use of malware, social service, vulnerability not updated in the software, and chain identification to jeopardize a third-party entity for a more substantial target, cybercriminals use a variety of entry points.
  • Financial Impact: Cybercrime incurs substantial financial costs globally, emphasising the need for robust cybersecurity solutions.
  • Focus on Proactive Measures: Businesses need to implement a multifaceted approach to cybersecurity, combining advanced technologies with employee training and security awareness programs. This will help mitigate risks and stay ahead of evolving threats.

Most Common Cyber Threats

Cybercriminals constantly evolve tactics, so staying informed about the most prevalent threats is crucial. Here’s a list of the most common cyber threats businesses should be aware of:

Weak or Compromised Credentials

Stolen usernames and passwords are a direct path into your systems. Enforce strong password policies and consider password-less authentication.


Deceptive emails or websites try to trick users into revealing sensitive information. Train employees to spot phishing attempts and utilise spam filters.


Be cautious of harmful software like viruses or ransomware. Keep your computer programs current and teach your employees how to spot fake emails and other tricks used to spread these harmful programs.

Unpatched Software

Outdated software with known vulnerabilities creates easy access points for attackers. Prioritise software updates and conduct vulnerability assessments.

Third-Party Vendors & Service Providers

Compromising a vendor can give attackers access to your data. Implement privileged access management and limit vendor access.

Insider Threats

Disgruntled employees or contractors with access can cause significant damage. Implement least privilege access and monitor user activity.

Lack of Encryption

Unencrypted data is easy to steal or manipulate – Utilise data encryption for both storage and transmission.


Accidental security misconfigurations create vulnerabilities. Regularly conduct vulnerability assessments and automate configuration management.

Trust Relationships

Compromising a trusted user can grant access to a wider network. Implement network segmentation and monitor all trusted connections.

Brute-force attacks

Hackers systematically try various password combinations. Enforce strong password policies and consider multi-factor authentication (MFA).

Why Cybersecurity Matters for Your Business

Cybersecurity is no longer an afterthought; it’s a fundamental requirement for any business in today’s digital landscape. Cyber-attacks are a constant threat, and a successful one can have devastating consequences.

The High Cost of Cybercrime

Imagine this: a cyber-attack disrupts your IT systems, halting operations and communication with customers. Frustration mounts, productivity plummets, and sales take a hit. This isn’t just a hypothetical scenario. A UK government survey found that 32% of businesses experienced a cyber-attack in the last year, with an average cost of £1,100 per incident. For larger enterprises, the cost can soar to nearly £5,000.

Beyond Operational Disruption: Reputational Damage

A cyber-attack can have a lasting impact on your reputation. Data breaches, especially those involving sensitive customer information, can shatter trust and lead to public backlash. Studies show a significant drop in customer loyalty following a data breach, making it difficult to attract new customers.

Legal and Financial Repercussions

The repercussions extend beyond operational difficulties. Regulatory bodies are enforcing stricter data protection laws. A breach could result in hefty fines and lawsuits from affected customers. Additionally, you might be responsible for compensating victims, covering investigations, and repairing damaged systems.

The Role of IT Directors: Champions of Cybersecurity


IT directors are on the frontline of defence against cyber threats. They play a crucial role in safeguarding your business by:

Implementing robust cybersecurity measures includes firewalls, data encryption, and access controls that restrict unauthorised access.

Educating employees: Employees are often the first line of defence. Regular training on phishing scams, password security, and cyber hygiene practices empowers them to identify and avoid cyber threats.

Developing a Cyber Incident Response Plan: A clear plan ensures a swift and coordinated response to an attack, minimising damage and downtime.

By putting these pillars in place, you’ll build a robust cybersecurity strategy that protects your business.

Key Components of a Robust Cybersecurity Strategy

Cyber threats are ever-present, but a strong defence is within reach. Here’s what you need:


Know Your Risks: Assess vulnerabilities and prioritise threats with risk assessments and threat modelling.


Industry Standards: Follow proven frameworks like NIST Cybersecurity Framework for a comprehensive plan.


Essential Measures: Implement firewalls, data encryption, access controls, and secure network configurations to create a layered defence.

By prioritising cybersecurity, IT directors can help their organisations mitigate risks, protect valuable assets, and ensure business continuity in an increasingly digital world.

Responding to Security Incidents


Cybersecurity isn’t about avoiding breaches – it’s about having a plan. Here’s what you need:

  • Incident Response Plan: A clear roadmap for containing and recovering from a security incident, minimising damage.
  • IT Leadership: IT directors coordinate response and recovery efforts during a breach.
  • Learn & Improve: Analyse incidents to identify weaknesses and continuously strengthen your defences.

By planning ahead, you can respond to security incidents efficiently and emerge stronger.

So why waste a moment more – send an email to us here in the Cyber Security team with your contact details info@cymbalstream.com and a member of our team will contact you to discuss how we can help you become more secure..