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Cyber Threats Facing Small Businesses

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Today’s digital world is filled with more threats to security than ever. While some small businesses assume they’re not big enough to become a target, this is a grave mistake. In fact, due to their tendency to have weaker defenses, small businesses can be a favored target among hackers. 

While a large company might be able to write off the cost of a breach, most small businesses are crippled by them. The average cost of a data breach is $3.86 million

Not only will one cost you serious money, but it will likely cost clients and business relationships. Nearly 60% of small businesses will close their doors within six months of a data breach. You need protection against today’s threats. 

What are the cyberthreats facing today’s small businesses? Let’s take a look. 

Phishing 

Most people know what phishing is, and yet, it still remains very successful at breaching company’s defenses. All it takes is one person to open a bad attachment or click on the wrong link, and your system is compromised.  

Modern phishing strategies are smarter than ever. Some even use personalized info to catch you off guard. Pair that with an email address that sounds legitimate, and it’s easy for someone to fall prey to it. 

Ransomware  

Ransomware has been around for a few decades, and it shows no sign of slowing down in popularity. True to its name, ransomware locks you out of your own system and demands payment in exchange for letting you back in. 

Modern ransomware uses complex encryption that makes it nearly impossible to recover your data without the permission of the person who hacked your system. Even if you end up paying them, there’s no guarantee they’ll actually give you access. Often, they simply delete your info anyway. 

Cryptojacking 

This is a newer tactic that’s growing in popularity. It involves hackers discreetly breaking into your system and using your hardware to help them mine for cryptocurrencies. This type of breach can be difficult to notice, but ultimately, it slows down your system and compromises the integrity of your data.  

System performance monitoring can help spot and stop cryptojacking. 

Device Infiltration 

Every year, more and more of your devices are connected to the internet. This creates what’s called the “Internet of Things” or IoT. Smart technology is great, and it’s nice to have all of your devices connected, but it also means there are more places for hackers and malware to enter your system.  

All it takes is one outdated device. 

Vendor Systems 

Vendors and third parties can be great partners that help move your business forward. They can also be security liabilities that leave you exposed to an attack. Any vendor that has access to your data and systems can be a potential threat.  

You need to control who has access to your system and what they can access. You also need to make sure they comply to your rules. 

Get the Protection You Need for a Regular, Affordable Cost 

Many small businesses simply can’t justify staffing an entire IT stuff. Meanwhile, having one person to manage all of their technology isn’t going to be enough to protect against today’s threats. The solution is to bring on an external IT team that can provide enterprise level service at an affordable, monthly cost. 

With ETS’s network security services in Dayton, Ohio, we can analyze and audit your current risks and provide a plan for minimizing exposure. We also offer 24/7 monitoring and maintenance, so you stay safe around the clock. 

Should something go wrong, we’ll be notified so that we can address the problem head-on. Don’t wait until it’s too late. Experience the peace of mind that comes with Stress Free IT ®. Contact us today! 

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