Spot On e-Newsletter: November 2024

Newsletter from Forthright Technology Partners - November 2024

This Thanksgiving season, we want to take a moment to express our heartfelt gratitude for our valued clients. Your trust and partnership drive everything we do, and we’re thankful to be part of your journey. From all of us at Forthright, Happy Thanksgiving!

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New Research Shows Small-Medium Business (SMB) Cyberattacks are Frequent & Costly

A recent survey highlights the cybersecurity challenges small and medium businesses (SMBs) face. Key findings include that 94% of SMBs view cybersecurity as critical to success, with 1 in 3 experiencing a cyberattack in the past year. The average attack costs $254,445, potentially reaching $7 million. Top concerns include securing remote work and personal devices. Despite awareness, many SMBs lack robust practices like multi-factor authentication and employee training. Encouragingly, 80% plan to increase cybersecurity spending, with AI playing a significant role in future protections.

READ THE REPORT FROM MICROSOFT SECURITY

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Forthright's Cyber Series

Tune in for the last episode of 2024 on Dec. 12: IAM: Proactive Security with User Risk Monitoring. We'll be announcing topics for 2025 soon! Signup/Watch Past Episodes

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From the Microsoft Blog: 7 Cybersecurity Trends & Tips for Small & Medium Businesses to Stay Protected

Microsoft partnered with Bredin, an SMB research firm, to survey businesses with 25-299 employees about their security needs and trends. Here are the key insights and initial steps businesses can take to address them. READ MORE

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You’ve Probably Already Been Breached: How to Know

Many businesses have been breached without even realizing it, as not all breaches cause immediate, visible damage. However, the long-term impacts—on reputation, finances, and operations—can be significant. This article outlines key signs of a potential breach, steps to confirm it, and proactive measures to protect your organization from future incidents. READ

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7 Tips for Wireless Printer Security

Most people worry about hackers targeting their computers, not their wireless printers—but printer security is crucial. Hackers often exploit unsecured printers to access home networks. A Cybernews experiment demonstrated this by hijacking nearly 28,000 printers worldwide, with a 56% success rate. Want to know if your printer is leaving your network exposed? Read on for tips to secure your printer and protect your entire network. READ MORE

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The Importance of Cybersecurity in Patient Safety

In healthcare, cybersecurity risks go beyond data breaches and ransomware costs—a breach can directly impact patient safety and the delivery of care. As the American Hospital Association emphasizes, "the most important defense is to instill a patient safety-focused culture of cybersecurity."

  • The Importance of Cybersecurity in Protecting Patient Safety READ ARTICLE

  • Providers Boost Cybersecurity Spending in Wake of Change Healthcare Breach READ ARTICLE

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Tackling Escalating Cybersecurity Risks in Manufacturing

As manufacturing increasingly integrates technologies like industrial control systems (ICS), IoT devices, and operational technology (OT), the industry’s cyberattack surface has expanded significantly. This makes manufacturers prime targets for cybercriminals, not only due to valuable data but also the costly disruptions caused by downtime.

According to the 2024 IBM Cost of a Data Breach report, the industrial sector's average breach cost surged to $5.56 million, an 18% increase from 2023. Safeguarding operations is now more critical than ever to mitigate these escalating threats. READ MORE

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