Ransomware Puts Small Businesses in its Sights

Hilary Kennedy on Aug 13, 2021

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The way we communicate, share data and use technology to act on those insights is changing – and it’s all leading to the cloud.

On In the Cloud, every week new experts will engage in a fire side chat and will bring their extensive experience in software, IT and mobile solutions straight to you, offering a glimpse into the future of cloud connectivity around.

Tech security is important in business, but an often-overlooked sector is the small business sector. Cybersecurity for small businesses is a rapidly growing concern, with criminals targeting enterprises of every size. Companies’ data, such as user records, financials, and identity documents, can be tempting for criminals looking to make easy money and use that info for other crimes.

On this episode of In The Cloud, Host Hilary Kennedy talked with Chase Norlin, the CEO of Transmosis, a nationally recognized cybersecurity Workforce Developer and the creator of transmosisONE, military-grade cybersecurity protection for small businesses. Norlin is a serial technology entrepreneur that founded the Internet’s first online video sharing platform and one of the first video search engines, photo sharing services, and video ad networks.

Two in five small businesses were impacted by ransomware in 2020, and 41 percent of business owners had a cybersecurity mishap related to COVID-19. These attacks are happening everywhere, and they were accelerated during the pandemic.

“Cyber fraud is on the rise, regardless of all these new factors that come into this,” Norlin said. “Obviously, the increase in remote work environments makes businesses of all shapes and sizes more vulnerable especially small businesses.”

While employees are working on unsecured networks at home and various coffee shops, it opens up the opportunity for more cybersecurity threats. Employees previously worked in offices on secured devices and networks, things that might not be available at home, at least not immediately.