Top 3 Cyber Threats Facing Small Businesses: How to Protect Yourself

Top 3 Cyber Threats Facing Small Businesses: How to Protect Yourself

As a small business owner, you are probably well aware of the cyber threats that face your company. These threats can come in many different forms, from phishing attacks to ransomware. However, you may not know how to protect yourself from these attacks. In this blog post, we will discuss the top three cyber threats facing small businesses and how you can protect yourself from them.

Phishing Attacks

Phishing attacks are one of the most common cyber threats facing small businesses. These attacks occur when an attacker attempts to trick you into giving them sensitive information, such as your login credentials or credit card information.

The most common forms of phishing include email phishing and spear phishing. Email phishing occurs when an attacker sends you a fake email that looks like it is from a legitimate source, such as your bank. This email will usually contain a link that leads to a fake website where the attacker can collect your information. Spear phishing occurs when an attacker targets a specific individual or organisation with a personalised email.

Another common form of Phishing attack is through your mobile phone, this is known as Smishing. This occurs when you receive a text message from a sender that appears to be legitimate, but is fake. The attacker will usually include a link in the text message that leads to a website where they can collect your information.

So how can you protect yourself from these attacks?

There are several ways you can protect yourself from phishing attacks, including:
  • Being aware of the most common types of phishing attacks
  • Keeping your software up to date
  • Using strong passwords
  • Not clicking on links in emails or text messages from unknown sources

Malware Attacks

Malware is a type of malicious software that is designed to damage your computer or steal your information. Malware can be installed on your computer without your knowledge, usually through email attachments or by visiting a malicious website.

Once malware is installed on your computer, it can damage your system in a variety of ways. It can delete files, corrupt data, or even disable your computer entirely. Malware can also steal sensitive information from your computers, such as login credentials or credit card information.

Removing Malware from your system can be tricky, and sometimes requires the help of a professional. In some cases, the infection can be so bad that a full system restore to factory settings is required.

So how can you protect yourself from malware attacks?

There are several steps you can take to protect your computer from malware, regularly scanning your computer and network for viruses and malware is recommended, and even setting up scheduled scans to run regularly.

It is important to understand that all devices on a network are potentially vulnerable to Malware, from desktop PCs, Laptops and even mobile phones and tablets. Any device that can connect to the internet is a target, which is why businesses of all sizes need to have some form of cyber security in place. All devices should have anti-virus and anti-malware software installed to help prevent infections.

Ransomeware Attacks

Ransomware is a type of malware that encrypts your files and holds them, hostage, until you pay a ransom. Ransomware attacks are becoming more common and can be devastating for small businesses. They can be extremely tricky to fix, and in some cases may require you to pay the ransom in order to get your files back.
There are various types of ransomware, including:
Locker Ransomware – This type of ransomware will prevent you from accessing your computer or files. In order to regain access, you may see a popup message that demands a ransom be paid.
Crypto Ransomware – This type of ransomware will encrypt your files, making them unreadable. To decrypt the files, you will need a special key that is only known to the attacker. Crypto ransomware is generally more difficult to recover from than locker ransomware. In some newer variants of Crypto-Ransomware shared drives, network drives and even cloud drives can also be encrypted.
Double Extortion Ransomware – This type of ransomware will not only encrypt your files, but will also threaten to release sensitive information unless a ransom is paid. This type of attack generally targets businesses, as they are more likely to have sensitive information that can be used to blackmail them.
RaaS or Ransomeware As A Service – This type of ransomware is becoming more common, and allows anyone to create their ransomware and distribute it. The creator of the ransomware will usually take a percentage of any ransom that is paid.

How can you protect yourself from Ransomware attacks?

There are several steps you can take to protect your computer from ransomware, including:
  • Keeping your operating system and software up to date
  • Using strong passwords
  • Not clicking on links in emails or text messages from unknown sources
  • Only downloading files from trusted sources
  • Have a backup of your data stored offline (this way if you are infected with ransomware, you can restore your files from the backup)

Conclusion

Small businesses are increasingly becoming targets of cyber-attacks, as they are seen as an easier target than large corporations. While there are many steps that small businesses can take to protect themselves from cyber-attacks, it is important to have a cyber security plan in place. This includes having anti-virus and anti-malware software installed on all devices, keeping your operating system and software up to date, using strong passwords, not clicking on links in emails or text messages from unknown sources, and only downloading files from trusted sources and having a backup of your data stored offline. If you do become the victim of a cyber-attack, it is important to seek help from a professional as soon as possible.

If you fear that you have been a victim of any of the cyber security threats mentioned above, you should seek out the help and advice of a professional IT company that can help you to assess the situation and take steps to protect your business.

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