Small businesses and organizations of various sizes worldwide rushed to upload patches and assess what had been compromised. Hacks expose the vulnerability of the 32 million small businesses, which are largely unable to afford to work with cybersecurity firms and also who primarily rely on built-in security measures of software and hardware providers.
As per Iram, a former Israeli intelligence officer, large tech firms can improve their systems prior to being released in order to block hackers before they impact small and medium-sized firms. He adds that cybercrime reduced each time major software companies modified default settings or other general updates with cybersecurity in mind.
According to market research company Gartner, Microsoft has more than 86% of the enterprise e - mails processing market whereas Google has just under 13%.
Challenges with email
The notion that several components of today's technological stack were created before cybercriminals became a concern is the root of many of its problems. Big firms that predominate the industry typically have still not added security as a default feature to basic software, leaving it to the cybersecurity market to do so. This has led to explosive growth in a new category of companies.
Microsoft Defender for Office 365 finds and stops thousands of user compromise actions each month in addition to nearly 40 million emails with Business Email Compromise, or BEC, and 100 million emails with harmful credential phishing links.
Some cybersecurity enterprises with a focus on the small business sector have launched in the last three to five years, such as Huntress and SolCyber. Even the slightest flaws in one organization, in a highly networked society, can spread to another. An NPR investigation into the significant Microsoft Exchange data breach came to the conclusion that Chinese hackers were targeting American businesses in an effort to collect consumer data on Americans for an unidentified reason.
The American government has so far adopted a conservative stance; a representative for the U.S. Cybersecurity Infrastructure Agency claimed that the agency does not regulate software for small businesses.