How Secure Are Indiana Businesses? New Study Shares Cybersecurity Findings

  • The Indiana University Kelley School of Business surveyed over 300 organizations about their cybersecurity.
  • 20% of Indiana businesses reported they have been targeted by at least one cyber attack within the past three years.
  • The State of Hoosier Cybersecurity 2020 report also included statistics on antivirus software, staff training, and incident response planning.

Cyber crime is one of the most significant threats facing business owners and authorities in Indiana. A recent study provides an insight into how secure Indiana companies are. In this guide, we’ll explore the findings and discuss how businesses can bolster their defenses.

How secure are businesses in Indiana?

A survey which involved more than 300 private and public organizations revealed that around 20% of Indiana firms had experienced at least one cyberattack in the last three years. The research, which was carried out by the Indiana University Kelley School of Business, the university’s Indiana Business Research Center, and the University of Arizona, was presented to the Indiana Executive Council on Cybersecurity.

The unprecedented report, titled “State of Hoosier Cybersecurity 2020,” outlined the extent of cybercrime in the state, providing information about the incidence of attacks, the steps businesses and organizations are taking to reduce risks and the potential implications of patchy security policies.

Cyber crime is becoming more commonplace and every business is a potential target.

The Findings

Almost 20% of the organizations polled in the Indiana cybersecurity survey had experienced at least one successful attack in the last years, with 13% stating they were either unsure or declining to comment.

Of the businesses that were targeted, 50% said that the attack had not resulted in the loss of data. Indiana Attorney General, Curtis Hill, suggested that the study indicated that most businesses in Indiana are aware of potential threats but they don’t necessarily know what kinds of steps to take to minimize risks.

Of the businesses that have tried to be proactive in preventing cyberattacks, 95% were using antivirus software, 70% had provided training for staff and 75% had updated or patched software. Only 27% of the organizations surveyed had an up-to-date cyber incident response plan in place.

How can Indiana businesses stay safe?

Every business is vulnerable to cybercrime. It’s understandable to assume that large-scale corporations bear the brunt of cyberattacks because these are the stories that make the headlines, but statistics show that small and medium-sized companies are targeted most frequently.

To stay safe and protect their businesses, Indiana directors can implement a raft of measures, including employee training, software designed to prevent threats and filter out suspicious emails, such as phishing scams, and insisting employees use secured networks.

Cyber crime is becoming increasingly sophisticated and this means that companies have to be vigilant and alert to threats. Having a business continuity plan is essential to ensure that the company can respond promptly if an attack is successful. Downtime is costly not only financially but also in terms of the reputation of the business.

If your business does not have an in-house IT department, outsourcing IT support and cybersecurity is an excellent idea. Experts providing Indiana IT solutions can analyze the measures and procedures you currently have in place, identify potential gaps and weaknesses and suggest modifications or additions, such as monitoring, new software and training policies, to strengthen your defenses and reduce the risk of breaches and attacks.

Conclusion

Cyber crime is becoming more commonplace and every business is a potential target. The findings of the report in Indiana highlight the prevalence of cyberattacks but they also indicate that several organizations are vulnerable due to a lack of robust security measures. Working with a professional IT provider can help to protect businesses, identify potential threats, and minimize risks.

David Jackson, MBA

David Jackson, MBA got a finance degree at World University and is a contributing editor and writer there. He also serves on the board of a 501(c)3 non profit in Utah.
http://cordoba.world.edu

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