Checklist: Cyberattacks Surge – Be Prepared or Fall Victim (Yeo & Yeo)

PrimeGlobal Supports Ukraine
April 6, 2022 - Yeo & Yeo

With recent warnings of impending Russian cyberattacks, businesses are advised to strengthen their online defenses sooner rather than later. PrimeGlobal member firm Yeo & Yeo in North America has put together a checklist to protect your business against cyberattacks.

Cyberattacks on businesses surged 40% in 2021, and 2022 is predicted to be an even more dangerous and expensive year when it comes to defending against cyberattacks.

Most recently, cybercriminals globally are looking to profit from the Russia-Ukraine conflict, with small to mid-size businesses and organizations among the most vulnerable.

Cyberattacks on all businesses and organizations are becoming more complex and costly and are happening every day. According to a recent Cost of Cybercrime Study (Accenture), 43% of cyberattacks are aimed at small businesses, especially those in the legal, insurance, retail, financial, healthcare, government and education sectors, but only 14% are prepared to defend themselves. Cybercriminals are targeting the human layer – the weakest link in cyber defense – through increased ransomware, phishing and social engineering attacks as a path to entry.

Cybersecurity must be an ever-evolving aspect of any successful and sustainable company. The best way to defend against a cyberattack is to take preventive steps – incidents are less likely to happen and can be less damaging if they do happen.

Unfortunately, 88% of small business owners felt their business was vulnerable to a cyberattack, according to a recent Small Business Association survey. Many companies can’t afford professional IT solutions, have limited time to devote to cybersecurity, or don’t know where to begin.

Be proactive in this battle – don’t wait to be the victim of a cyberattack. We recommend you start by:

  1. Learning about common cyberthreats. While there are many, among the most common are phishing, malware, spear-phishing, ransomware and Zero-day exploit.
  2. Understanding where your business is vulnerable. A cybersecurity risk assessment performed by an experienced cybersecurity service provider is the most effective way to identify areas of concern and security gaps.
  3. Taking steps to improve your cybersecurity. Developing a comprehensive cybersecurity program that includes a plan for educating your workforce is the best defense.

To get started now, download Yeo & Yeo's 13 Ways to Protect Your Business Against Cyberattacks checklist.

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Yeo & Yeo

Yeo & Yeo is a top 200 full-service assurance, tax and advisory firm with a reputation for personal service, commitment to clients and community support. Founded in 1923, Yeo & Yeo has grown to include more than 200 trusted professionals who have been successfully advising Michigan businesses. Through our four companies – Yeo & Yeo CPAs & Business Consultants, Yeo & Yeo Computer Consulting, Yeo & Yeo Medical Billing & Consulting and Yeo & Yeo Wealth Management – we have created a strong network of professionals with the expertise to solve complex problems in each industry we serve.

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