You have frequently heard or read in the news about cyber attacks on established businesses, and you think that it can never happen to you as a small business. Wrong – cyber attacks are all over, and they can happen to you whether you are running a small or large business.

SMBs are an attractive target for cyber attacks, and the worst thing is that they are such an easy target because it takes less time for the criminals to go past the firewalls and access the information they need compared to large brands.

With the attacks come various threats to the SMBs that you need to be aware of. Here they are.

Loss of Sensitive Data

Are you securely storing your customer data, or is it in the open for everyone with basic hacking skills to access?

Sensitive data moves around in businesses on a daily basis. This includes payment information, pay checks, and other info. Usually, this information moves around online, and when it happens, the criminals are waiting to grab it and use it for malicious reasons.

If you have been keen, you have heard of the criminals that sell sensitive data such as credit card information on the black market. The data goes for hundreds of dollars, which makes it attractive to criminals.

Trade Secrets

Your competitor is looking for a way to be where you are – and he can only do this when he has the trade secrets that you use to get more customers. The right cybercriminal can get your trade secrets and sell it to your competitor for a pot of gold. Well, you have put in so many years to get to where you are, but there are a few people who are out to get to where you are in just a few months.

Bad Reputation

A competitor knows too well that if he paints you in a bad light, you will lose customers who will, in turn, buy from him. Destroying your reputation online goes far beyond a few negative reviews left behind by coached guests – it can be something as bad as stealing data or slowing down your processes so that the competitor can gain leeway.

Identity Theft

Passports and drivers licenses are all over the internet, being used to make fake accounts. In 2012 alone, 11 million people had their identity stolen, with the information used in thefts costing more than 20 million dollars.

The information that you keep in the organization regarding employees, customers, and other people can be a goldmine for a cyber criminal. They are looking for your social security number, credit card information, bank account information and more. You need to find a way to secure this information so that you don’t lose face in front of your customers due to identity theft.

Ransomware

This is when a cybercriminal uses tools to hold your information hostage. The malware encrypts the data on your network so that you won’t be able to access it unless you have a backup. The ransomware forces you to pay a ransom before you get your data back. The payment isn’t so guaranteed – you might pay up and fail to get the data.

What You Need to Do

The threat of cyber attack is real, and you need to find a way to deal with them. One of the best ways is to outsource your security tasks to a dedicated and experienced team such as Amazing Support, a company that knows all about these threats and how to mitigate them.

In Closing

You need to understand what types of cyber threats you face as a small business, and know that the best way to handle them is to outsource your tasks and sensitive systems to experts.