Prepare your business now for these cybersecurity threats

July 14, 2022

Cybersecurity threats are a concern for all businesses, but small companies especially are vulnerable, according to uschamber.com.

Following are three cybersecurity threats your company should be preparing for now.

  1. Ransomware attacks. These attacks are one of the top threats most small businesses face. In a ransomware attack, hackers access your data and hold it hostage until you pay some type of ransom. WannaCry ransomware is well-known and typically is delivered through phishing emails that initially appear legitimate. The Small Business Administration recommends you verify web addresses before downloading email attachments; avoid giving out personal information about your company to unsolicited callers; and avoid giving out financial information about your company via email.
  2. Man-in-the-middle attacks. This type of attack happens when hackers intercept and possibly alter incoming traffic. The hacker sends the traffic on to the intended recipient, who does not realize someone has read or altered their traffic; hackers can redirect the victim’s browser to a malicious website where they can steal and even change sensitive information. Public Wi-Fi networks often are used for man-in-the-middle attacks because the router does not verify its identity. You can combat these attacks by using endpoint authentication—such as two-factor identification—to make it more difficult for hackers to intercept traffic.
  3. Lack of awareness. The biggest threat most businesses face is their lack of awareness regarding cybersecurity. Ninety percent of all cyberattacks result from human error, so hackers count on employees to make mistakes and allow them access to sensitive information. You can protect your business by training employees regarding selecting strong passwords and how often these passwords should be changed; knowing they never should install unauthorized software; methods to stay safe online and on social media; strategies for responsible email usage; keeping their devices secure while they are at the office and away; and knowing what to do when a cyberattack occurs.

Tags: Business

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