Posts Tagged ‘cybercriminals’
Many cybercriminals look at small businesses like blank checks. More often than not, small businesses just don’t put money into their cyber security, and hackers and cybercriminals love those odds. They can target small businesses at random, and they are all but guaranteed to find a business that has no IT security – or the business does have some security but it isn’t set up correctly.
At the same time, cybercriminals send e-mails to businesses (and all the employees) with links to phishing websites (websites designed to look like familiar and legitimate websites) or links to malware. They hope employees will click on the links and give the criminals the information they want. All it takes is ONE employee to make the click.
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Five years ago, you might have had state-of-the-art security protecting your business and network. You had the latest malware protection, highly rated firewalls and a great data backup plan. Maybe you even had a handbook on how to address cyberthreats. You were set. But then you forgot to do one crucial thing: you didn’t stay up-to-date with your IT security policy.
This is a trap countless businesses fall into. They invest in great cyber security once. Five years ago, this was fantastic. The problem is that cyberthreats are constantly evolving. Methods used by hackers and cybercriminals have come a long way in the past five years. Criminals stay on top of what’s going on in the IT security industry. They are always looking for new ways to steal your data and make a quick buck at your expense.
What can you do to stay up-to-date in an ever-changing digital world? Here are three things every business must do to protect itself.
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Everybody gets hacked, but not everything makes the evening news. We hear about big companies like Target, Home Depot, Capital One, and Facebook getting hacked. What we rarely hear about are the little guys – the small businesses that make up 99.7% of employers in the United States, according to the Small Business Administration: These are the biggest targets of cybercriminals.
Basically, if you run a business, that business is a potential target. It doesn’t matter what industry you’re in, what you sell or how popular you are. Cybercriminals go after everybody. In 2018, a cyber security survey by the Ponemon Institute found that 67% of small and midsize businesses in the US and UK were hit by a cyber-attack.
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If you’re like many businesses today, there’s a good chance you’ve made this one mistake with your IT security: You don’t budget for it. Or if you do budget for it, it’s not enough to really protect your business.
Time and time again, business owners decide NOT to invest in IT services. Instead, they go it alone or skip it completely. Or they might approach an IT services company and ask, “What do you charge for your services?” They don’t ask, “What will I get for my money?” or “How can you meet the needs of my company?” This is a backward approach to IT – and it’s a big mistake.
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A lot of businesses wait until something breaks before they fix it. And even then, they may take a “patchwork” approach to fixing the problem. They are reactive rather than proactive. Sometimes taking a reactive approach is fine, but other times, and depending on the circumstances, it can lead to even bigger problems.
When it comes to network security, for example, being reactive to problems can be downright dangerous. It’s not just hackers you have to worry about. There are power outages, data loss, equipment failure and more. In IT, a lot can go wrong. But if you’re proactive about cyber security, you can avoid many of those pitfalls.
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You, the CEO of a small business, are under attack. Right now, extremely dangerous and well-funded cybercrime rings in China, Russia and the Ukraine are using sophisticated software systems to hack into thousands of small businesses like yours to steal credit cards and client information, and swindle money directly out of your bank account. Some are even being funded by their own government to attack American businesses.
Don’t think you’re in danger because you’re “small” and not a big target like a J.P. Morgan or Home Depot? Think again. 82,000 NEW malware threats are being released every single day and HALF of the cyber-attacks occurring are aimed at small businesses; you just don’t hear about it because it’s kept quiet for fear of attracting bad PR, lawsuits, data-breach fines and out of sheer embarrassment.
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