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Cybersecurity

SMB Fraud Defense

by | Nov 16, 2023

SMB Fraud Defense

Each year, cyber attacks become more sophisticated and widespread. Small- to mid-sized businesses need robust security solutions to mitigate cyber threats and prevent fraud in the cloud. 33% of all cyber attacks are targeted at small- to medium-sized businesses. 91% of security breaches originate from phishing or spear-phishing attacks. 300 Million fraudulent sign-in attempts are made to Microsoft cloud services every day. Widening our lense to include cloud native applications, third party SaaS applications and on site social engineering the risks seem endless.

Security Concerns for SMBs

As cyber security breaches make bigger headlines, more SMBs are starting to recognize their vulnerabilities. 43% of SMBs don’t have a cyber security strategy in place. 61% of all small- to mid-sized businesses have reported at least one cyber attack in the past year. 75% of small businesses say they don’t have the personnel to address IT security. $955K on average is spent by small businesses per attack to restore normal operations; also 60% of victims go out of business within 6 months of an attack.

Our Solution

With CoAction Solutions, you, you can elevate your customers’ security posture and reduce potential risks in day-to-day cloud operations.

Key Benefits:

  • Proactively detects and prevents potential malicious cyber attacks.
  • Sets up alert mechanisms and proactive security policies to shield against fraudulent activity on site, Amazon, Azure. Google and SaaS environments.
  • Benefit from reduced costs, time, and risks while delivering industry best practices for multi-level security standards when deploying the new solution for their clients.
With CoAction SMB Fraud Defense, you can:
  • Adopt Zero Trust Roadmap
  • Enforce identity and Multi-Factor Authentication (MFA) via Security Defaults or Conditional Access.
  • Provide a range of Conditional Access pre-configured policies that are fully customizable and granular.
  • Enforce policies across the Amazon, Azure. Google and SaaS environments environment based on their needs.
  • Set thresholds for Amazon, Azure. Google and SaaS environments cost management and send automatic alerts if unusual activity is detected.
40% of small businesses that faced a severe cyber attack experienced 8+ hours of downtime. 83% of all small and mid-sized businesses are not financially prepared to recover from a cyber attack. 99.9% of cyber attacks could have been prevented with multi-factor authentication.
About Thomas Napolitano
Don't let Thomas Napolitano's serious expertise in cyber security fool you - when he's not busy safeguarding digital assets, you might find him on the racetrack, pushing his limits in high-speed competitions. With a need for speed that rivals Ricky Bobby himself, Thomas knows that in racing and in cyber security, success is all about staying ahead of the curve. So buckle up and get ready to race towards a safer digital future with Thomas and CoAction!