Why Hackers Love To Target Small-To-Medium Businesses:
Cybercrime is on the rise, with hackers targeting small and medium businesses. The average cost of a cyber-attack on a business is about $200,000, which can put many small to medium enterprises out of business. Sadly, about 43% of cyber-attacks involve small businesses, with only 14% prepared to defend themselves. Knowing why your small business is a prime candidate for cyber threats is crucial to developing ways to protect your business.
Small-To-Medium Businesses have Gaps in Cyber Security
Cybercriminals look for soft targets. Cybercriminals constantly seek the easiest ways to access online accounts, personal information, and financial data. Smaller companies often lack adequate security measures and policies, making it easy for hackers to use social engineering techniques to access systems.
Lax to No IT Security Policy
A lack of IT security policy may seem like an innocent mistake, but it’s not always so harmless. It’s easy to have data breaches and unauthorized access to sensitive information without a formal IT policy. Create and follow an IT policy to protect your business from hackers and phishing attacks.
A Shortage of Expertise
Smaller companies often lack expertise in IT security, making it harder to defend against cyberattacks. The IT department at a small business is also likely to be understaffed and underfunded. In addition, the employees may not be as familiar with best practices in IT security. They have a smaller security budget and IT staff, making them susceptible to data breaches.
Most small businesses use the same password for multiple systems and applications. This can be a big problem if one system is compromised and hackers have access to all of your accounts. The best way to protect yourself from this is by changing your passwords on your systems every few months, even if they are the same as before.
Unencrypted passwords are the key to cyber-attacks. It’s easy for hackers to find these passwords and steal your data. Here are some tips to protect your business from this threat:
Ensure you have a strong password policy communicated across all company locations.
Use a different password for each site or service, including email, social media, banking, and cloud storage.
Change your password often and make it complex by combining uppercase and lowercase letters, numbers, and symbols.
Never use the same password on multiple sites or services.
Small businesses don’t have the resources to hire cybersecurity experts and install expensive technology like Why Hackers Love To Target Small-To-Medium Businesses: ’t have the same budgets as larger firms, they often rely on outdated and unsecure technology that can make them more vulnerable to cybercrime.
Smaller companies don’t have the resources to invest in cybersecurity, so they rely on employees to safeguard their data. A breach at a small business can lead to financial losses, but it also can damage the company’s reputation. However, they still need to know how to protect themselves from cybercrime.
Protect Your Business Today
Protecting your business from cyber attacks is a top priority for any small-to-medium-sized business. The best way to protect your small business is to invest in the services of an IT security firm with the expertise to help you defend against cyber threats. Getting the right security solution is essential for protecting your company’s data, finances and reputation. Get real-time protection and optimal support, and optimize your system for improved productivity, growth, and efficiency. AnyTech365 will provide you with the best protection to focus on growing your business.