What is multilayered cybersecurity?

Through perseverance and insight, he steadily acquired new parcels of land along his borders and increased his profits across his properties.

On occasion, the duke would visit eminent family members at their own castles where he witnessed intensifying countermeasures employed against thief and attack. Drawbridges were suspended over new moats. Walls were fortified and heightened. Guards were given new armor, trained to spot possible threats, and distributed throughout the interior of the castle. The family wealth was no longer on display in the great halls, but had been moved deep into a locked vault in the innermost dungeon; only trusted few with both password and key were permitted to enter.

Although the duke was steadfast, far-sighted, and determined, he consistently misjudged the true value of his holdings. Since his castle was smaller, his estate less resplendent than those of his elder brothers, he presumed his wealth to be insignificant. As he slowly increased his property and prosperity, he failed to escalate his security in commensurate measure—believing that such fortifications were unnecessary for his trivial treasures.

However, in the eyes of local bandits, the duke’s ever-growing riches were impossible to ignore. The gang knew that they were ill-equipped to tackle secure strongholds with multiple layers of defense. Only an equally-resourced foe could successfully penetrate the treasury behind those walls. However, the duke’s poorly-protected coffers could be accessed with only a little cunning and quick feet.

And so, the good duke was robbed of his hard-earned gold and reputation. Over many tireless decades, his persevering spirit had earned him renown and resources; yet sadly, his simple failure to properly safeguard them lost him both overnight.

Do not underestimate the value of your organization’s data.

Just like our duke, many SMB managers mistakenly believe that no one would bother to steal their business’s relatively limited amounts of client, vendor, and business data. Unfortunately for them, cybercriminals have learned that small businesses across the country are low-hanging fruit—with some surprisingly juicy pickings. The result? A full 43% of all cyberattacks are now aimed at SMEs.

In the modern business environment, every SMB will experience some form of cyberattack, yet only 14% are prepared to defend themselves according to the U.S. Small Business Administration (SBA). As a consequence, a single successful strike will close the doors of more than half of impacted small businesses.

Cybercrime inflicts damage on SMBs in a variety of ways.

• Direct theft of funds.
• Compensation costs to affected vendors or clients.
• Investigation and remediation costs.
• Business downtime.
• Loss of reputation in the marketplace leading to fewer customers.

That damage is imposed on businesses through an assortment of cybercrime tactics.

• Ransomware attacks lock away your data in exchange for a ransom.
• Phishing and smishing abuse human fallibility to gain access to sensitive information.
• Botnets silently control legions of infected computers.
• Business email compromise (BEC) attacks wreak havoc with private data and bank accounts by hijacking a legitimate organizational email account.

This list of threats names only a few of the most prevalent attack vectors; the FBI currently recognizes at least 26 distinct types of cybercrime. This high diversity of risks means that no single cybersecurity tool can effectively combat all possible digital threats faced by a modern business.

Protect your business with a multilayered cybersecurity approach.

Just like the barons and duchesses of old, today’s business managers must learn to effectively combat a wide variety of threats with an equally diverse set of defenses. We think of this comprehensive approach in terms of security layers—from the exposed periphery, through the vulnerable interior, to the vital core. Each level represents an opportunity to stop an intruder from accessing the critical data contained at the heart of a business and should be designed and implemented with the same care that managers apply to business bank accounts.