A cyberthreat can emerge from out of left field and ruin your day. Anything from viruses to advanced ransomware can hurt your reputation, slow down your productivity, and cause downtime.
And that’s the best case scenario.
In reality, a serious cyberthreat can cripple your business badly enough to cause it to shut down. In fact, according to Inc.com, a whopping 60% of small businesses fold within 6 months of a cyberattack.
Needless to say, it’s in your best interest to avoid them. Here are 3 of the most dangerous ones, as well as some helpful ways to deal with them.
Phishing attacks usually come in through email. It will ask for something and pretend to be a business partner, coworker, friend, or run-of-the-mill acquaintance.
The most famous version of these attacks is the “Nigerian prince” scam – where a criminal pretends to be a prince that wants to wire you money, provided that you give them bank information. Sounds too foolish to be true, but it’s tricked a lot of people over the years.
Businesses are especially susceptible to these attacks because they have lots of moving parts. Anything from financial information to customer data gets discussed on a regular basis. Making sure every part of the organization knows about them, and how to avoid them, is critical.
Above all else, phishing attacks are stopped with user training.
And if you know what to look for, then you’ll be significantly closer to avoiding any and all phishing attacks. However, some (more advanced) phishing attacks can go as far as to include the exact same email as a user you know and trust. This is known as spoofing, and it’s really hard to catch.
Ransomware snakes its way into your network through various methods. Commonly, it comes in the form of an infected attachment or a download carrying an executable script. Once a staff member unwittingly executes it, it’s game over.
The virus will encrypt your data, causing all of your folders and files to literally sit behind digital lock and key. To get them back, you’ll need to pay a criminal for the decryption code.
Often, the payment method is through Bitcoin transactions that are untraceable. Opting in to have a cybersecurity team decrypt the data is both an expensive and lengthy process, and can sometimes be futile.
Your best defense against ransomware is a blend of robust security to stop the malicious file from execution in conjunction with secure backups from which you can restore your data.
Cyberthreats aren’t always reliant on feats of ingenious technical wizardry. That’s especially true with those that happen internally within the organization.
In fact, the majority of attacks involve simple malicious acts — like purposely reading a coworker’s emails for information or certain staff having access to things that they shouldn’t have.
Here’s a good example: Sage, a UK-based accounting and HR provider, had an insider-based data breach happen in 2016. 280 of its customers had their data accessed by a staff member that stole salary details and bank account information.
While some employees are actively malicious, some are purely accidental. Leaving a sticky note on a computer with the password to a server with sensitive data still puts your data at risk.
Stopping internal threats from happening is a two-part approach. On one hand, you’ll need to train your staff on more rigid security protocols to prevent them from sharing passwords and generally being more secure online.
On the other hand, you’ll need to create stricter security policies that limit access to data. By limiting this access, you can ensure that people only see what they’re supposed to see. That responsibility should generally rest with your IT department.
Here at Entech, we’re pretty big on proper security. That means everything from getting you the cybersecurity solutions you need to handle the threats that come your way… all the way to training your people on how to avoid these threats.
Of course, no two companies are alike. If you’d like to discuss a specific challenge you’re facing, let us know. We’re happy to help.
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