Internet and Businesses

Top 10 Cyber Security Threats Faced by Small Businesses

Cyber security attacks can destroy a small business.

It’s a frightening fact, but the sheer variety and sophistication of cyber threats have exploded in recent years. To help small business owners, we’ve put together a list of the top 10 cyber security threats to look out for.

Some of them have been around for a while. Others are brand new. Keep reading to see which cyber threats to guard against.

1. Ransomware

Ransomware easily ranks in any list of the top 10 cyber security threats to small businesses.

Ransomware programs are among the most insidious of all small business cyber attacks. Ransomware seizes a company’s information, usually passwords, credit card data, and other sensitive files. The victim has to pay the ransom, often within a day or two, or the information is destroyed or shared online.

2. Phishing Attacks

Phishing attacks are among the oldest cyber security threats, but they still pose a serious problem.

A phishing attack typically happens through a legit-seeming text message or email. The idea is to steal personal information, such as sensitive passwords or a social security number.

3. Malware

Malware is another old standby in the world of cyber security vulnerabilities and threats. It’s an insidious, vile little piece of software that burrows into a computer system and infects it from within.

4. Viruses

Computer viruses can do a lot of damage, including deleting files, slowing down performance, and compromising computer systems. Computer viruses have many methods of infecting computers, which is why it’s important to have the best and latest antivirus software.

5. Weak Passwords

Weak passwords pose a huge threat to small business cyber security.

Using default or uncomplicated passwords is a recipe for disaster. Luckily, the remedy is to change passwords often and to use multi-factor authentication protocols.

6. DDoS Attacks

A DDoS (Distributed Denial of Service) attack is not so much about stealing information and money. This cyber security threat has more to do with undermining a web-based service’s ability to do its job.

The result, however, is the same. The victims of DDoS attacks wind up losing money and customers as the quality of their business model is compromised.

7. App Fraud

Apps are ubiquitous on our computers and smartphones. They also collect huge amounts of personal data. The latest threat is fraudulent apps that can breach mobile networks and steal sensitive information.

8. Cloud Jacking

Cloud computing has exploded in popularity, and it will only continue to grow in the coming years.

Of course, this popularity brings with it heightened cyber security threats. “Cloud jacking” is when a malicious third party infiltrates a cloud computing network. The cloud jacker then has the ability to steal private data, reconfigure source code, and generally make as much mischief as possible.

9. Deepfakes

Deepfakes involve the use of AI to manipulate real videos and photos for nefarious purposes. Deepfakes have recently been used to make political candidates look bad, or falsify images for pornographic sites. In the same way, deepfakes can now threaten the reputation and public image of small businesses.

10. Lack of Awareness

Finally, a major threat to any small business is a simple lack of awareness. That’s why it’s important to train employees in cyber security awareness, such as recognizing phishing attacks and dangerous websites. These small steps can do a lot to fend off the worst cyberattacks.

Steer Clear of These Top 10 Cyber Security Threats

There are so many ways that hackers and criminals can launch cyberattacks on small businesses. By understanding what the top 10 cyber security threats are, you can take steps today to protect your business.

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