What are the Biggest Cybersecurity Threats to Your Business?

Did you know that almost half of all cyberattacks are directed towards small and medium-sized businesses?

We’ve all heard of the global attacks on big companies like Equifax, Target, and Marriott. But many attacks target small businesses that have a hard time recovering from a breach. 

Within 6 months of a cyberattack, 60% of small businesses fold. If you want to ensure that you’re not the victim of a cyberattack or make sure your business has a plan to recover from a cyberattack, check out these top 5 cybersecurity threats and protect your business.

Top 4 Cybersecurity Threats to Your Business

Attempted cyberattacks are an inevitable part of running a business. But, by taking precautions and putting a plan in place to recover from an attack, you can minimize the potential risk. This is especially important if your company has sensitive data and information about patients or customers.

Here are 4 of the most serious cyber threats to your business.

1. People

People are often the weakest link when it comes to business cybersecurity. When internal employees click on links in phishing emails, download corrupted documents, or click on links that have malware, they put the cybersecurity of your business at risk.

Educating employees on proper web safety and cyber risks is the best way to prevent these risks. 

2. Ransomware

Ransomware is the most common type of malicious software. In 2018, almost 40% of all malware cases involved ransomware.

Business Vulnerabilities
Business Vulnerabilities

Ransomware installs malicious software (malware) onto your computer and holds your files or data hostage. Usually, you can only gain access if you pay a ransom to the criminals behind the attack.

3. DDoS Attacks

Distributed denial of service (DDoS) attacks occur when cybercriminals overwhelm a network’s resources so legitimate traffic to the website cannot get processed.

DDoS attacks are often used as camouflage to hide other security breaches that are happening to your network or website. DDoS attacks can distract IT teams and while they try to address them, cybercriminals are attacking the network in other ways.

4. Security Vulnerabilities

Over half of data breaches are the result of hacking. People outside of your organization can hack into your network by bypassing your network security. Some companies even recruit hackers and hire them to expose any vulnerabilities in their network security.

Cybersecurity Threats
Cybersecurity Threats

If you don’t have multi-factor authentication or haven’t updated your servers to patch any holes in the network, you are vulnerable. Regular security audits can help identify these holes and any weaknesses in your network.

The Bottom Line

Taking network and cybersecurity threats seriously is necessary to protect your business. Your small business could be vulnerable to folding if you are the victim of a cyber attack. Not only should you think about protecting your network, but you also need a recovery plan should you become victimized.

Our company can provide firewalls, data protection, and security logs to protect your network. Contact us today to see how we can help you.

Isaac Adams-Hands

Full Stack Developer, Digital Marketer, and InfoSec enthusiast. He received his Bachelor’s Degree from the University of Western Sydney and his Business Diploma from Georgian College before joining various marketing positions in search portals, e-commerce, higher education, and addiction recovery services.

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