When it comes to cyber-attacks and hackers, the game is to stay ahead of the programs and people that can sabotage your business or company. This is especially when you own a small business. While large corporations have the capability to recover well from a data breach, small businesses lack enough resources to take care of that catastrophe.
To ensure you are equipped with the necessary resources and tools needed to be protected well, here is a review of what experts say concerning small businesses security threats and how to make themselves safe from this security threats.
It is an industry-wide issue
Small businesses should always be watching over for what is intended to happen in this industry. You must assume that the software application is the target if the software manufacturer has the largest part of that industry. This is because hackers can find that application broadly. If more than ten companies are running the same version, they will all suffer the same risk.
Everyone remembers the Home Depot and Target hacks. However, not everyone knew that it was the same virus used to hack them. This was a virus designed swipe the card data on machines running Microsoft Windows and the point-of-sale terminals. This is the scenario we expect to happen to all who use the same version of software and applications in businesses.
Risks will move across all your network
Small businesses should lay a strong focus on how the business information network is connected to other external people or organizations from employees to the third-party clients. Whenever you are more networked, you should consider that as an increased vulnerability. Small businesses owners should click here to be aware of their trends in data access and sharing through the internet and networks. It is also imperative to know who has access to company data and information. Be sure to keep up with the best practices and trends for monitoring and managing data access in any business.
Ransomware and spear-phishing scams are getting more advanced
We see the development of well-researched and crafted ransomware and phishing attacks. For example, businesses have become the main targets when accessing company financial data and employee tax documents. In such cases, someone might act as the CEO of the company for them to access this critical information and execute a bank wire transfer.
On the contrary, ransomware is when the company computer is attacked by a virus that shuts it down until some money is paid to have the computer back in operation. In such cases, the data is encrypted so that you cannot access that data before you pay the money. This action can cripple a company depending on how important that information can be.
Security vulnerabilities are going to spread
Data analytics, big data, and business intelligence are going to transform the world of business and marketing. This is the same expected trend that will take off soon concerning data and information security. While we collect all that data, we need to sift through it to make it more valuable