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The 5 Most Common Cyber Security Threats That Small Businesses Face (How to Stop Them)

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The 5 Most Common Cyber Security Threats That Small Businesses Face (How to Stop Them)

August 26, 2022,

If you own a small business, then chances are that you are struggling with cyber security. With so much data and sensitive information stored on your company’s devices, keeping your entire system protected around the clock is hard. Yet, even if you’re vigilant about protecting data in-house, there is still a slew of outside threats to contend with. Several different cyber security threats can potentially affect your small business.

1. Malware Attacks

Malware attacks are the most common type of small business cyber security threat. These attacks are usually destructive, causing your business to lose valuable data, shutting down crucial systems, and causing other problems. They can be extremely difficult to detect as a small business owner – especially if you’re not an IT professional. To prevent these attacks, you need to install antimalware software.

2. Phishing Attacks

A phishing attack attempts to obtain sensitive data through fraudulent email messages, like passwords and personal information. To prevent a phishing attack, you must be careful when downloading software from unfamiliar sources. Make sure that the program you are installing is from a reputable developer.

3. Weak Passwords

A weak password is an easy target for hackers, especially those with malicious intentions. To avoid a threatening situation, you need to set strong passwords. A strong password should combine letters, numbers, and symbols. You should never re-use passwords or use the same password on multiple services.

4. Insider Threats

This threat mostly affects larger businesses, but smaller businesses are still at risk. For example, an insider threat can hurt your business if a disgruntled employee decides to steal or leak important data. You can prevent insider threats by monitoring employees and keeping the workplace safe from fraud and physical attacks.

5. Ransomware

A ransomware attack attempts to intimidate victims into paying a ransom, usually in bitcoins. If you’re the target of a ransomware attack, you’ll have to pay the attacker. Generally, this will cost hundreds of dollars in ransom money. To prevent this attack, make sure your devices have a solid backup. If a ransomware attack does make it past your defenses, don’t pay the ransom. Your best bet is to restore your data from a backup.

Small businesses need to take cyber security threats more seriously. With more of the economy moving to a digital space, protecting your data and devices is vital for long-term success. As the information above illustrates, many different threats can affect your devices. Ensure you take the necessary measures to counteract these threats today.