In this episode, Paul Tracey, founder and CEO of Innovative Technologies, discusses the cybersecurity challenges faced by small and medium-sized businesses. He highlights the misconceptions about SME vulnerabilities, the importance of proactive security measures, and the impact of regulations like the NYS SHIELD Act. Paul also offers practical advice on protecting data while traveling and the evolving threats posed by IoT devices and AI.

Takeaways

• 43% of cyber attacks target SMEs. 
• Phishing is the top entry point for attacks. 
• No client has paid a ransom under Paul's watch. 
• Early detection is crucial for cybersecurity. 
• Training is key to reducing human error. 
• Regular penetration tests are essential. 
• IoT devices need better security measures. 
• AI is both a threat and a defense tool. 
• Compliance laws protect businesses. 
• Proactive security measures are vital.