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5 Common Cybersecurity Issues Businesses Encounter

Cybersecurity is a major concern for all businesses, small and big. Over the years, the type of attacks has increased fast. These attacks change how businesses store their data online and the security measures to implement.

The cause of cyberattacks varies from the demand for money to restore system functionality to a vendetta against the business. Currently, attackers are finding ways of automating their attacks. They can now target different businesses simultaneously, especially easier targets.

But how does a business get itself into this predicament? Most businesses lack awareness, have weaker technological defenses, and have fewer resources to improve their cybersecurity. All these issues make a business an easy target, and it might lose a lot.

Therefore, every business needs to be educated on cybersecurity and how to incorporate them into their business. To make it easier, consider contacting XL.net’s IT support services to eliminate most technological issues.

These professionals can also identify and close vulnerabilities that might affect your business. But before calling the experts, this article will explain the main threats businesses have to protect themselves against. Read on to find out!

1. Malware Infections

Malware is malicious software that’s a big threat designed to harm computer systems. This malicious software is commonly used to steal data, spy on users or take control of the system. Malware can be delivered through infected website downloads, email attachments, and connections to other infected devices.

When a business is hit with a malware infection, often, its devices are crippled. This outcome makes it costly as it might require expensive repairs or replacements. If the malware owners are successful, they can access data that might pose a risk to employees and clients.

Fortunately, although attackers keep advancing malware infection, stronger technological defenses are being released. These defenses will prevent attacks that could be detrimental to businesses.

2. Third-Party Risks

It might not seem like it, but your third-party vendors might be your biggest security risk. But how does this happen? Businesses often work with third-party vendors who can introduce the risks knowingly or unknowingly.

Therefore, if your vendor isn’t well secured, they easily become a target for attackers. This can affect your business as these attackers can access your systems and data. Therefore, before working with a third-party vendor, ensure they have all the security measures.

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3. Weak Passwords

Perhaps the easiest way to get attacked as a business is by having weak passwords. Such passwords are easy to guess, giving attackers access to your system. The loss of control can lead to data breaches, financial loss, and other issues.

Apart from weakness, using a similar password across multiple accounts can also lead to compromised data. Consider getting software that manages all business passwords.

Such software helps your team members to come up with strong passwords. Another way to prevent this threat is to ensure your business has two or more-factor authentication. This makes it harder to access your systems even after cracking weak passwords.

4. Phishing Attacks

Phishing is one of the biggest cybersecurity threats that causes the most damage. The number of phishing incidents has grown significantly in the last year. In this attack, the attacker tries to trick a user into giving up sensitive information.

These attackers normally use social engineering by posing as a trusted contact and then sending the malicious link to be clicked, downloaded, or offered access to your system. Although businesses can try to curb this threat, it becomes very difficult, making them damaging.

Fortunately, not all hope is lost, thanks to technological defenses being set up for businesses. Some of these defenses include having a reliable cloud-based email security provider, multi-factor authentication, and security awareness training.

5. Insider Threats

Another threat that faces businesses, especially small ones, is insider threats. These threats might occur when team members intentionally or unintentionally cause harm to a company’s cybersecurity.

When any business insider can access the business’s critical data, you might end up dealing with harmful effects. These effects include stealing data, installing malware, or sharing sensitive information. Insider threats are often motivated by greed, malice, carelessness, or ignorance.

Any business dealing with this issue recognizes that team members and customers might be at risk. In the worst-case scenarios, the business might be hit with financial damage. To avoid this threat, consider creating a culture of security awareness by holding training.

Bottom Line

Businesses must be aware of these cybersecurity issues and take proactive steps to mitigate them. With different threats facing businesses, the best way to ensure security is to have security tools in place. So, undergo security awareness training to ensure you know how to prevent them.

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