The Biggest Cybersecurity Threats and How to Protect Your Business
For Sunshine Coast small businesses without an IT staff, cybersecurity can be a huge worry. There’s reason for alarm: Small Business Computing reports 58% of all data breaches last year occurred at small businesses.
Ponemon’s 2017 State of Cybersecurity in Small and Mid-Sized Businesses reports 61% of companies surveyed had a cyber attack in the past 12 months, and 54% of these suffered a data breach involving employee and/or customer information.
Source: Ponemon Institute
What Are the Most Common Threats?
The most common attacks against small businesses involve phishing/social engineering (48% of respondents).
One social engineering scam on the rise is “pretexting,” in which attackers send emails appearing to come from an executive or co-worker in the company. Pretexting often targets financial and HR departments in an attempt to access the business’s bank accounts or its employees’ personal data. According to Symantec’s 2018 Internet Security Threat Report, each user at a small business receives an average of nine malicious emails per month.
The second most common type of attack is web-based. In this situation, malicious software, or malware, installs itself on victims’ computers when they’re using the internet. Some 43% of Ponemon respondents suffered a malware attack.
Ransomware, in which hackers use malware to compromise your computer system and then demand a ransom to give you back your data, is also on the rise. In last year’s Ponemon report, just 2% of respondents reported ransomware attacks. This year, 52% of respondents say their companies experienced a ransomware attack; of those, 53% faced more than two ransomware incidents in 12 months.
When buying new hardware and equipment, look for products like Xerox® printers and MFPs with security features built in.