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Cyberattacks on Small Businesses Is on Rise: How to Defend Your Business

Small companies, especially with many workers now working from home, are a prime target for hackers. Small business owners, largely because of their lack of cyber security, are still a target for hackers. Phishing, brute-force attacks and ransomware are just some of the risks that small business owners face from cyber security. In remote working environments, small business owners are forced to adopt strategies to protect their networks.

For hackers who can be a simpler target than remote employees? Small companies remain a prime target for cybersecurity attacks because working at home is the new standard amid the COVID-19 pandemic. This makes sense, because, many small businesses do not have a lot of money to spend on protecting their networks, nor are they prepared to switch too abruptly to a remote working area.

Small business owners need to protect their networks, make sure they are safe while using third-party apps, and avoid the wrong thing from being clicked by their remote employees. A herculean task, but an important one, is defence. It can be expensive and time-consuming to recover from a cyberattack. Several tiny businesses do not thrive. The first line of defence is to remain one step ahead of hackers. That comes from knowing the risks of cybersecurity. Below listed are types of cybersecurity attacks.

Phishing emails, texts & Malware

Cyberattacks-on-Small-Businesses-Is-on-Rise-How-to-Defend-Your-Business

In the business world, phishing e-mails, in which hackers attempt to trick users into clicking on links, have long been a concern. During the pandemic, it has gotten even worse, as the bad guys peddle, bogus COVID-19 remedies, examinations, and access to vaccines. It was getting so bad that, at the end of December, the U.S. The Health and Human Services Department warned the public about pandemic-related fraud schemes.

It doesn’t help that many employees use their devices or go rogue with the applications they install to communicate with other remote workers and stay connected. That makes a business more vulnerable to other nefarious infections and malware. Fake versions of common messaging and video conference apps have been increasing since the beginning of the pandemic, installing malicious software to track your movements and keystrokes once you click on them. In 2020, 1.66 million unique malicious files distributed via fake versions of famous apps were spotted.

Brute-force attacks

Cyberattacks-on-Small-Businesses-Is-on-Rise-How-to-Defend-Your-Business

Because of the COVID-19 pandemic, businesses had to scramble to give workers remote access to their networks, with many shifting to RDP servers, a Microsoft tool for remotely accessing Windows servers and desktops. The most up-to-date software was not built on those RDP servers, making them vulnerable to cyberattacks. This was manipulated by criminals, leading to a major upswing in attacks on those remote access servers.

In 2020, there were 3.3 billion RDP threats. Brute-force attacks are the favoured way for hackers to break into these servers, meaning that cybercriminal powers access a network by attempting known username and password combinations.

Third-party vendor risk

More than ever before, small business owners rely on third-party apps. If the software is not safe and stable, that increases the company’s risk. This happened even in the case of fortune 500 companies. For small business owners, there are a lot of reasons to worry about cyber attacks, particularly in this remote working climate. On the cybersecurity front, brute-force assaults, phishing and malware, ransomware, and shadow IT apps are all major threats facing small businesses. The first step in securing a business network is knowing the risks and then taking steps to protect.

Below Listed are some of the Ways to Protect Your Business from Cyber Attacks

  • Access control, segmenting access permissions for your systems and applications, restricting those websites and apps, and teaching your workers when to click and what to stop. For one employee, it could be a refresher course and an eye-opener for another. When it comes to cybersecurity, the idea is to have everybody on the same page.
  • In a remote working environment, cybersecurity training is extremely relevant, but it is often ignored. Majority of the employees have not yet received the IT Security awareness update, employees are overconfident in their cybersecurity prowess. 
  • Clear policies need to be in effect about what kind of equipment, the kind of home network that can be set up, what workers are responsible for, and knowledge of the changes in [cyberattack] strategies.
  • It’s necessary to vet the suppliers properly. To secure your business and the data of your clients, you want to work with a reliable organisation that has a security policy in place.
  • You need to check that the download connection is the right one when downloading software and consider stopping workers from installing it on their own. You can either equip laptop staff with preinstalled applications that you have examined or have the program live in the cloud that employees access through a virtual private network. Either way, you want to avoid the installation of unapproved apps by workers that could infect your network with malware.

Your workers, especially in a remote work environment, need to be your frontline protection against cybercriminals. You can monitor access to the network and applications to safeguard your network, train workers on how to be secure and smart online and via email, and vet any third-party software you use.

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