Common Cybersecurity Issues Small Businesses Face

Data breach. Cyber threats. Insider Attacks. These cybersecurity concerns continue to plague companies, big and small. While big companies usually have the required protection, small businesses are usually not so fortunate. Often, their capability is limited, specifically money-wise. Lawsuits can be costly and they cannot afford to pay for damages. And this is the reason why cybercriminals usually target small businesses - they are easy to penetrate.


One way of protecting against these hackers is to recognize the common cybersecurity issues. Here are some of them:

Phishing Attacks

One of the oldest yet most active cyber threats that continue to affect companies are phishing attacks. As much as 90% of all data breaches are phishing. It costs companies as much as US$12 million in losses. Phishing attacks are often successful because the perpetrators use social engineering tactics to entice victims into clicking on a malicious attachment or downloading a suspicious file. Often, perpetrators are successful in getting their personally identifiable information (PII).


While phishing attacks are an age-old tactic, they became refined over the years, making attackers pretty successful in enticing their victims.


Malware Attacks

Most small firms have struggled against malware attacks where they have to battle against viruses. Malware stands for malicious software, in which hackers either take confidential data or cause data destruction. Often, companies have to carry out costly repairs or replace lost files. Malware can attack via a malvertisement, website download, or malicious email attachments. Robust security protection must be in place to prevent malware attacks.


Ransomware

One of the most crippling cybersecurity issues that can harm small firms is ransomware. When attacked with ransomware, a company may lose control of its network, devices, or files. The only way they can recover control is when they pay up the ransom that the criminals demand. In this case, small firms often have no choice but to pay up because these companies do not have a backup of their primary details necessary for running their business.


Insider Threats

Small companies are also often victimized by insider threats, particularly when they are on their way up. These cyber-threats often originate from a malicious act carried out by a former employee or colleague. This can happen if the company does not have a protocol in place for when any of its employees or colleagues stop being part of the company and still have access to sensitive data.


Cyber Spying

It is also pretty common for hackers to target small companies as an act of resistance against a government or institution. There have been cases when hackers would destroy a website to publish their message. They often do this to rally support for their particular cause, to simply send a message of hatred, or as a means to show their protest.


Cyber threats will continue to happen, and they will target not only big companies but also small ones. In the years to come, more attacks will occur as more and more people go online.


For this reason, companies must ensure that they are protected for cybersecurity breaches, so they never have to bother about any of these threats ever hurting their business operations.


Security experts must always be two steps ahead of attackers, and one way to guarantee this is to identify and understand a hacker's threat behavior and vector.


Source: Tech Times