Why are SMBs being targeted in cyber-attacks?

Did you know that small to medium-sized businesses are potentially more vulnerable for cyber-attacks than large businesses? With the growing complexity of IT challenges, it’s crucial to stay up to date on the latest cybersecurity threats and how to protect your business.

A Foot in the Door

Cybercriminals target SMBs because they are often a foot in the door to hacking into larger companies. SMBs are often vendors for larger entities and may have access to online portals and the banking information of these companies. Cybercriminals go for SMBs because they are likely to have weaker cybersecurity practices, making their vulnerable information, customer data, intellectual property, and financial data easy to compromise.

What to look out for

Every year, cybercriminals are advancing how they target their victims, which can be tricky to spot. Below are the leading causes for security breaches:

Weak and Stolen Credentials/Passwords

Hackers will take any opportunity to steal weak passwords from organizations. The key is to have a policy that requires strong passwords that include eight characters, at least one upper case letter, one number, and one special character.

Back Doors & Application Vulnerabilities

Sometimes software applications are poorly written, or network systems are poorly designed. These may have holes that cybercriminals can easily exploit and get your data directly without needing a password. The way to prevent this is to make sure software and network systems are up to date and properly patched.

Malware

Malware is software loaded unintentionally that a hacker can open up and exploit a system through. The key to avoiding malware is never downloading anything from questionable websites or opening suspicious emails.

Social Engineering

Have you ever received a fake email saying you’ve won a million dollars? That’s what social engineering is. It’s easy to evade cyber-attacks from this tactic as long as you know that if something looks too good to be true, it is.

Insider Threats

An angry employee or unaware employee can cause harm on your networks if given access to data. The simple solution to prevent this is to ensure that you keep your data backed up and your permissions up to date.

Physical Attacks

Hackers don’t always sit at home to commit cybercrimes. They can break into your building and use your computers to find secure data. Make sure your physical structure is protected to prevent a security breach.

Improper Configuration

Sometimes mistakes can be made when configuring systems, so it is essential to triple-check and have multiple people look at the work to keep errors minimum.

There are plenty of resources out there to help you get started on securing your company’s data. One of them is working with an MSP, like Now Micro. To learn more about our managed services, visit our website or reach out to Sydney Ellison at sydneye@nowmicro.com.