The Rea Report Summer 2017 | Page 2

CYBERCRIME CONTINUES TO PLAGUE SMALL BUSINESSES the Rea report EDITOR Abbey Kanellakis [email protected] DESIGNER Lynn Shimko Shimko Design REA REPORT EDITORIAL BOARD Lee Beall Alex Bixler Becky Boyd Becca Davis Alan Hill Brad Martyn Lesley Mast Don McIntosh Scott Moyer Dustin Raber Rebecca Weiand Annie Yoder 2 To read The Rea Report online visit www.reacpa.com/the-rea-report To comment or change an address, please email [email protected] or call 330-339-6651. The Rea Report is published three times a year (spring, summer and fall) by Rea & Associates, 419 West High Ave P.O. Box 1020 New Philadelphia, Ohio 44663-5120. Cyberattacks on small busi- nesses continue to increase, according to a 2017 internet security threat study con- ducted by Symantec, a global security and information man- agement company. Furthermore, ransomware now tops the list of most significant threats facing businesses and there are emerging signs indicating that attackers may be developing even more sophisticated attacks, such as targeted ransomware at- tacks on businesses involving the encryption of multiple machines. Needless to say, you can’t afford to let your guard down. What’s At Risk • The average ransom amount in 2016 was $1,077, up from $294 in 2015. •  463,000 ransomware detections were reported in 2016, an increase of 36 percent. •  The daily rate of antivirus detections for ran- somware increased to more than 1,539 a day. • Ransomware is usually sent to users in the form of spam emails that utilize a range of social en- gineering tactics to lure recipients into opening them and their attachments.