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4 Cybersecurity Risks for Small Businesses

The internet offers countless improvements for businesses, but that doesn’t mean it’s all good. There are numerous security risks when using the internet, and unfortunately, the number of threats grows every year.

Believe it or not, the number of threats increased by 31% in 2020 alone. That alone should make you think twice about taking cybersecurity for business lightly.

With so many cybersecurity risks for small businesses, you can’t afford not to address those concerns. Keep reading to learn four of the most significant small business cyber security issues.

  1. Malware

Malware is one of the biggest cyber security risks that small businesses face. A malware threat is a downloadable file introduced to your computer network. These files disguise themselves as legitimate software to fool victims.

When malware gets installed on a computer system, it can do anything. Here are a few common malware features:

  • Data theft
  • Data destruction
  • Keystroke logging
  • File replication
  • Reduced computer performance

That’s why it’s critical to have malware protection on your computers. This software will scan your downloads and file systems for threats and quarantine anything that looks suspicious.

  1. Phishing

Phishing is a less technical cyber security risk for compromising business systems. Instead of relying on malicious software, hackers take advantage of employees who trust the wrong people.

A hacker will impersonate a reputable company and send a communication requesting information. This includes login credentials for fake websites, answers to security questions, and other compromising information.

You’ll need to train your team to spot phishing attempts and avoid giving away information to random people who call and email.

  1. DDoS Attacks

A great security system won’t always protect you from cyber threats. If a hacker can’t access your computer systems, they can still cause problems for your IT employees who take on the cybersecurity roles in your business.

A DDoS attack is one of those ways. Hackers can send large amounts of data packets to your public internet IP address to clog your network. That means lost productivity for your team members that rely on the internet to work.

Investing in DDoS protection services can protect your company in this situation. These services will monitor spikes of incoming internet traffic and block anything that doesn’t appear legitimate.

  1. Outdated Software

Most software is secure out of the box. All the known security issues have patches, so you don’t have to worry about a hacker using a software exploit to access your systems.

Unfortunately, that doesn’t mean new threats won’t get discovered in the future.

If you don’t update your business software, you aren’t taking advantage of new security patches that plug security holes. Anyone can connect to your business network and exploit your software if this software connects to the internet.

Create a software update process to test software update compatibility and roll those updates onto all your computers.

There Are More Cybersecurity Risks for Small Businesses to Worry About

While the above risks are a great first start to learning about cybersecurity, they’re only a few things you need to worry about. Many other cybersecurity risks for small businesses and more are created every year. Either hire cybersecurity experts in your business or work with a security company to keep your company secure.

Head back to the blog to learn more tips that will help your company use the newest tech tools for businesses.