Mid-market businesses have a lot to deal with from technology management and updates to daily operations. With so many responsibilities, SMB's might not have the resources to prevent all cyber security attacks. Take a look at the following security threats to make sure your organization is prepared.
Ransomware is one of the most serious security threats that SMBs face. It is a software that maliciously encrypts data and holds a system hostage for a ransom. Hackers can request a certain amount of money in order to release the data or systems. There are different strategies for approaching a ransomware attack: robust backup systems, preventing the attack, and paying for the ransom or losing the data. Keep in mind that in some cases, even after paying ransom there is still the possibility of data loss.
2. Phishing Attacks
There have been many recent phishing attacks, despite the warnings and training that employees have. Hackers are getting smarter and making phishing attempts look more realistic than ever. Don't be fooled by an email from Amazon that expresses an order problem or an email from GoDaddy notifying you to renew your domain. Employees must always be aware of the possibility of phishing attacks and the methods of identifying red flags.
3. Mobile Insecurity
Nearly every employee has a mobile device, which gives companies more technology to worry about. Rather than only focusing on computers and laptops, businesses now have to secure mobile devices as well. If an employee is using company WiFi, their mobile device may act as an entry point to the entire network. SMBs should be prepared for the worst case scenario if a personal device is lost or stolen.
4. Human Error
With all of the firewalls and security in place, human error can still put a company at risk. One mistake could risk an SMB's systems and data; even something as small as accidentally clicking on a link from an email that looked legitimate. In addition to precaution when opening emails, employees should also be cautious about leaving devices unlocked or unattended. Password strength should be controlled and monitored and employees should be educated on password techniques that reduce hacking risk.
With so much to deal with, SMBs can get overwhelmed trying to manage all technology in-house. We recommend partnering with a Managed Service Provider to ensure that your technology is safe. MSPs specialize in cyber-security which will give you peace of mind and one less thing to worry about. Contact a cyber-security expert today to discuss the best cyber-security strategies for your business.