5 of the Latest Security Threats to Small Businesses

October 1, 2020

The landscape of cyber security is rapidly changing. More and more, small businesses are in the crosshairs. Hackers and criminals see smaller businesses as easy targets, as they are often less secure. Loss of data or prolonged downtime have much larger impact on small businesses, making security the primary concern for many companies.

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Here are 5 rising threats that your company needs to guard against:

  1. Ransomware. The threat of ransomware isn’t new. It’s been around for a few years now. However, this may shock you: most ransomware is now being delivered through encrypted websites that appear secure. The only way to safeguard against this is by increasing specific security measures on your firewall that will thoroughly inspect each piece of data coming through.
  2. Internet of Things (IoT). The sheer number of different devices that can connect to the internet – from wireless access points to tablets, phones and even thermostats and door locks – is astounding. A lot of small businesses use these without properly securing them. This creates backdoors onto your network, exposing you to a potential attack.
  3. Firewalls. The latest firewalls are great security tools but only if they’re properly configured and maintained to not allow everyone on the network. Firewalls should also have a full security suite of tools to act as a gatekeeper to your network. Without a proper configuration and security tools, firewalls can be exploited quite easily.
  4. Phishing. The level of sophistication has increased dramatically, especially as fear and uncertainty increase with current events. Phishing emails look more realistic today than ever, making it easier to trick unsuspecting employees into giving up secure information. Email filters only catch about 90% of phishing emails. The rest must be mitigated by employee education.
  5. Mobile devices on the network (BYOD) and Work from Home. Employees using their own mobile devices, customers accessing networks with their devices, and even portable company assets all pose different threats to your network that you need to guard against. This can easily be done with safeguards such as guest networks, mobile device management, and virtual private networks (VPN). With a large percentage of office employees working from home, these tools are more important than ever!

The days of relying on your antivirus software alone are long gone.  Software security suites for small business security are often ineffective too. While one or two applications in the suite tend to work exceptionally well, the suite often leaves gaps in coverage.

To be truly protected, you need to use a multilayered approach to protect your company from these threats, from the gateway to the end point and all areas in between.  And you need a strategic business partner who truly understands the needs of small businesses.

Do you know what threats could take your business offline? Contact Dataworks Consulting.

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