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What Hackers Target In Small Businesses

Hackers today have many ways to attack small businesses and business owners. Many attempt to use technology to send malware, viruses, or phishing attacks; or use information to con owners and employees into handing over more information than they should.

One or more of these techniques can be combined with gaining physical access to steal from vulnerable firms. Identifying precisely how criminals target businesses and what they deem most valuable can help to protect from the most devastating attacks out there.

Remaining vigilant and informed is one of the most vital things you can do as a business owner to protect your assets and reputation.

Extortion

Different types of attacks tend to rise and fall in popularity. Fifteen years ago, computer worms were the most common attack that businesses faced. Security software wasn’t as advanced or as widely used at it is today. Computer worms were, at the time, an exceptionally low-cost and efficient way to inflict the maximum amount of damage for minimum cost.

Today ransomware has seen an unfortunate boom in popularity. This technology aims to encrypt the target’s files on their personal computer. This technique denies the victim access and charges a large fee in exchange for the key to retrieve the victim’s own data.

The attack has worked so often because it requires minimal effort and can be used again and again. Many businesses have no option but to pay because the data is worth far more than the ransom demand the hackers have made.

The best defense against ransomware attacks, in addition to strong online security, is an up-to-date offsite backup — one that is tested to work reliably.

Targeting Customer Records

One of the most important things for your firm to take care of is your customer data records. Records which include names, dates of birth, and other personally identifying details. These details are extremely valuable to hackers or criminals who, either use them personally or sell them on to someone who will.

Many regions have strict laws and guidelines about how this information must be stored, accessed and protected. Failing to follow these can result in severe penalties that could devastate any company.

Targeting Financial Information

Like personal information, a small business must take extreme care when storing customer financial information. Sensitive details such as credit card or banking information are a key target for hackers looking to steal money fast.

The impact on your business reputation following a breach of financial data will be severe and devastating. Even a simple mistake can require years of advertising and great PR to repair. Many firms have failed to recover after losing the trust of their customers.

Social Engineering

Most firms today run good IT security packages to protect against online attacks and other forms of malware. Attackers often know to take their methods offline to achieve the best results.

Whether posing as a supplier, customer, or interested party; attackers can seek to gain information that you may be less than willing to hand over to a stranger. Small businesses can often be used to gather information on vendors and suppliers they do business with in order to attack them too.

Be particularly cautious of the information you provide when discussing business with individuals you haven’t spoken to before.

Keeping Small Business Safe

Each of these targets and attacks are just some of the most popular and hard-hitting attacks out there now. The list is forever changing, and the methods we use to protect against them always needs to change too.

Some can be defended against with great security, backups, and software. Others, such as social engineering, need you and your staff to stay up-to-date and remain vigilant about the major attacks affecting small business today.

If you need help tightening your businesses security, give us a call at 570-779-4018.

Why Periodic Security Assessments Should Be Your New Normal

By now you know that building up your cyber security is just as important as building up your cash flow. Both are essential to your success, but while most businesses keep an eye on the financials, they tend to think cybersecurity is something they can set and forget. Unfortunately, cybercriminals are constantly coming up with new methods of attack and the security you had in place yesterday may not be sufficient today.

Instead of reacting to breaches and taking on the costs of downtime, lost files and destroyed trust, a periodic security assessment can identify blind spots that place you at risk. Once you know about these problems, you’re able to proactively setup adequate protection before cybercriminals strike. It’s best to use independent IT experts who can audit your security from an outside perspective, often seeing risks that would otherwise be missed.

Regulations change – Are you affected?

Many businesses are kept to strict government regulations around the way they store, process and protect data. Their operating license depends on staying as secure as possible. All regulations require regular security assessments but they vary in scope and timeframe. As regulations change, so do the security assessment requirements. You can imagine how much stricter they are now compared to just 5 years ago. Our team can ensure your business is meeting the relevant regulations, diving deep to be certain you’re safe.

Security patches and updates are vital

It’s so easy to fall behind on your security patches, after all, it seems like there’s a new update every week and each one takes precious time to apply. What we’re seeing though, is that cybercriminals are targeting any business running late, and it’s basically easy pickings for them. If you’re unpatched where it counts, it’s like inviting them in. When we conduct your security assessment, we take a look at your history and see if your business has a robust patch plan in place and make sure you’re up to date. If there’s an issue that’s placing you at risk now, impacted you in the past, or will in the future, we’ll find it.

Viruses are always evolving

Just like the human variety, computer viruses are nothing to welcome into your workplace. They’re constantly evolving to skip past anti-virus scans and do damage in new and interesting ways. Cybercriminals know people are more aware of the traditional infection methods like downloading an attachment or inserting an infected USB, so they’re getting more and more creative. Your security assessment doesn’t just include ticking that you have the latest anti-virus, it includes identifying where you’ve had the most breach attempts and where your biggest vulnerabilities are. This type of precise awareness has a lasting impact on reducing your risks.

Your business may have changed

As your business has grown over the years (or shorter if you’ve experienced a recent surge), your entire setup has changed. More employees, expanded remote access, additional vendors, supplementary locations…the list really is endless. With each change has come a new risk, particularly if your security has been growing around you. It might be that your password policies haven’t been updated since you began, or that you still have the old voicemail system even though phones are within easy reach of customers. This is perhaps one of the most useful areas a security assessment can help with, as you and your employees are accustomed to the business working in a certain way, whether that way leads to risk or not. Our experts will be able to see things from a different perspective, particularly as we make sure to think the same way a cybercriminal would.

What to do with your assessment results

While many experts might present you with a long list of problems and leave you feeling overwhelmed, our team ensures you have a benchmark for progress. You’ll know exactly what you need to do, how we can help, and perhaps most importantly, which actions take priority. Moving ahead, future security investments will be smarter as you focus on the high-payoff areas. You’ll also know exactly what you’ve done well and where your security strengths lie. Employees will see how much you value security, which helps to create a stable culture, and you’ll be able to report your commitment to customers, confirming they’re making the right choice by staying with you.

Book your security assessment today. Call us at 570-779-4018