![]() This collaboration aims to aid NIST in effectively addressing the security needs of small businesses by conducting research, encouraging collaboration and developing useful resources.Īs per NIST, small organizations face a cybersecurity management dilemma. ![]() ![]() The Small Business Cybersecurity COI will bring together a diverse group of companies, trade associations and other experts to share valuable insights, challenges and perspectives related to cybersecurity for small businesses. Consider the fact that nearly 30% of ransomware-impacted companies have only 11 to 100 employees, and over 72% of ransomware attacks affect businesses with less than 1,000 employees, as per Coveware. It’s far past time for small businesses to improve their cybersecurity. Here’s how this new association can help your organization move forward with a cyber readiness plan today. To help smaller organizations face the growing cyber threat, NIST recently launched its Small Business Cybersecurity Community of Interest (COI). In the face of these challenges, NIST is creating a new initiative to help. Additionally, other studies reveal that only half of all small businesses are prepared for a cyberattack. While big-name breaches steal the headlines, small businesses suffer the most from ransomware attacks. Fewer commuters depresses occupancy levels in office buildings, and also affects traffic for commercial sites such as shopping malls and entertainment venues, making them less profitable bets for investors.Ī painful mix of downward pressure on asset prices, higher borrowing costs, and tighter lending by regional banks is especially bad news for the commercial real estate industry, which is heavily reliant on debt financing from smaller lenders.For small organizations, the current cyber threat landscape is brutal. The shift to remote working since the pandemic also poses a threat to commercial real estate values. They may also be more wary of lending given the prospect of a recession, pressure on their asset portfolios, and the increased risk of loan defaults when rates are higher. Moreover, after mass withdrawals of customer deposits caused major problems at several banks this year, smaller lenders are pulling back in fear of further bank runs, raising the prospect of a credit crunch. ![]() Steeper rates also erode the relative appeal of real estate to investors because they boost the yields from bonds and savings accounts. ![]()
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