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5 Types of Cyber Threats SMBs Face in 2018

Small businesses are generally more vulnerable to Cyber threats than the larger organisations. Many small businesses have implemented solutions to safeguard against various threats. Nonetheless, they remain an easy target as the attackers understand that IT personnel in most small to medium businesses (SMBs) don’t have sufficient technical know-how to configure these security solutions properly.

The first step in protecting your business against these attacks is to understand how they work. So, let’s explore the five most common threats SMBs are grapple with today. 

Related post: 4 of History's Most Notorious Computer Viruses

Internal Attacks

Internal attacks are typically executed by rogue employees who have access to networks, admin accounts, and sensitive data. These attacks can lead to untold damage.

To minimise the risk of internal attacks, you should identify accounts that are capable of accessing internal systems and sensitive information and then close the accounts that are no longer in use or belong to employees that have since left the company.

You can also invest in tools to monitor the activity of privileged accounts. This way, you can detect and stop any suspicious activities before they cause significant damage. 

Ransomware

Ransomware is a kind of malware that denies you access to the files on the infected computer using encryption. Afterwards, the attacker asks that you pay a ransom in exchange for the decryption key. You risk losing your files if you don't pay the ransom. Once ransomware infects a vulnerable machine on your network, it can spread to other machines.

Spyware

Spyware takes advantage of vulnerable software and browsers to collect user information and send it to an unauthorised third party. It is designed to avoid detection and may pass as a legitimate application, email, or website. In this way, it can easily trick you into clicking on a link or downloading a program to gain access to your information.

Spyware is a significant network threat. It can infect the entire network through one machine and convey critical information back to the attacker undetected.

CEO Fraud

CEO fraud emails are crafted to look as if they have been sent by your CEO requesting that an urgent payment is sent to a bank account. This email is generally sent to someone with the ability to make payments, and the recipient bank account actually belongs to the cybercriminal. 

Distributed Denial of Service (DDoS Attacks)

Cyber attackers can bring your business to its knees by launching DDoS attacks, which sabotage critical systems such as websites. They achieve this by utilising so many resources that they overwhelm the systems, rendering them useless. Without the services of a proficient Cyber security company with the ability to protect and avert these kinds of attacks, you risk suffering costly downtime. 

In Conclusion

Cybercrime can cause untold damage to a small business resulting in a loss of assets and money. While most small businesses lack the resources to avert these attacks, they can work with reputable cyber security companies to enhance their security and monitor their systems for malicious activities.


This post first appeared on The Edge Search, please read the originial post: here

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5 Types of Cyber Threats SMBs Face in 2018

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