The 5 Biggest cybersecurity threats facing small and mid-sized firms

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The 5 Biggest cybersecurity threats facing small and mid-sized firms

We don’t often hear news or reports about small businesses being hacked. However,  small and mid-sized organizations are being increasingly targeted by cyber criminals mainly because hackers know these organizations tend to be less careful about security and are easy to attack due to a lack of investment in cybersecurity measures.

So, which are the biggest cybersecurity threats facing small businesses in 2018? Here is a list of some significant threats to look out for this year.

1. Phishing attacks

The first, and probably the most common, problem seen in small businesses is falling for phishing scams.  This occurs when a criminal attempts to obtain sensitive information, including passwords, usernames, or credit card details, to access important data.

2. Ransomware

This malicious software locks the victim’s computer data, typically through encryption, demanding ransom payment in order to regain access. There are multiple ways in which ransomware can infect your computer, one of the most common being malware.

3. Cloud storage

Although cloud storage adds a significant amount of convenience to your business, as small businesses move to cloud computing systems, criminals  are paying more attention to exploiting any vulnerabilities in such systems.  The challenge comes in making sure that  your cloud provider is actually using smart data handling practices.

4. Multi-Channel Attacks

Criminals will use multiple methods at the same time in order to get in contact with a potential victim. These might include text messages, social media or even fake  advertisements. A way to prevent these attacks is by training your employees to never share any information with someone whose identity they can’t confirm.

5. Password Exploits

Password attacks are increasingly common.  There is a variety of  tactics used by hackers to obtain access to your user credentials to gain access to your business data, these include dictionary attacks, key logger attacks, and brute force attacks.   Very common ways to  prevent these exploits are: controlling the strength of the password you create, changing your passwords often and making a habit of using a different password for every site you use.