Page 111 - Cyber Defense eMagazine August 2023

ISO Certification is the Key to Better

Cybersecurity for Business

By Sami Mäkiniemelä, Chief Security Officer, Miradore

Cyberattacks are on the rise. Every month it seems like another major business gets hit, with their data
and customers compromised at an ever-growing cost. But more and more it's not just the large, global
conglomerates who are at risk — small-to-medium sized businesses (SMBs) are increasingly becoming
targets as well. While a recent survey showed two-thirds of organizations with over 1,000 employees
were hit by cyberattacks in 2022, SMBs aren’t faring much better with a reported 43% of all cyberattacks
targeting them. And that number is expected to rise in the coming years.

These attacks not only cause significant disruption to business operations, but they are also affecting the
corporate bottom line. Last year, the average cost of a cyberattack in the US hit $9.4M along with all the
additional time and effort spent to deal with the damages done. Because of this growing problem, many
businesses are actively seeking ways to signal to their potential customers and attackers that they take
cybersecurity seriously. One way for organizations of all sizes to show this commitment is to gain ISO
27001 certification.

Cyber Defense eMagazine – August 2023 Edition 111
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