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The 4 types of cyber attacks that are killing small businesses

Once upon a time, the main threat small and medium businesses had to contend with was cash flow. Well, this is still true to an extent, but something else has now entered the equation.

If recent reports are to be believed, almost half of all cyberattacks impact SMEs. It can make for tough reading – with some of these attacks being substantial enough to wipe a company off its feet. Then again, this shouldn’t be surprising. Some investment firms, like C5, owned by cybersecurity expert Andre Pienaar, are investing significant sums of money into companies that tackle cybersecurity. This market is showing no signs of slowing down.

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Following on from the above, today’s post will now look at the four types of cyber attacks most commonly experienced and advise how your firm can avoid these.

The DoS attack

In truth, DoS attacks aren’t anything new. They have been doing the rounds for years, but with cyber-attacks on the rise, it is worth having a refresh to understand just how detrimental they can be to your organization.

A DoS attack occurs when connections overload a company’s systems. These connections come from different computers, meaning they are tough to thwart.

The best way to guard against them is to monitor your platform for unusual traffic patterns. If you suspect this, it’s at this point you can take action.

Ransomware

If we turn our attention to something a little more modern, it comes in the form of ransomware. This was something that made it into the mainstream news after NHS systems were taken down.

This attack is a virus that usually enters a computer when a user opens an attachment on an email. It means that your employees need to be taught the ins and outs of a safe branch and what isn’t – as victims of ransomware attacks tend to put their data completely at the mercy of their attackers.

Phishing

We’ve just touched on employee mistakes, and this next form of attack follows a similar vein.

Again, it’s about clicking things that you shouldn’t be following, although, on this occasion, you are also tricked into supplying data.

It’s here that your employees need to be aware of how to spot one of these phishing emails so they are not fooled into supplying such information. It happens when a company pretends to be something else, usually a financial institution. From this point, their email will sound legit but ask for sensitive information.

Inside attacks

As scary as it might sound, a surprisingly high number of cyberattacks come from the inside. Or they come from employees who may have recently left the company.

Sometimes this can be for completely innocent reasons – and we will again turn to a couple of the issues discussed above. On other occasions, it isn’t quite as clear, so you must be careful about who has access to what systems.

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I work for WideInfo and I love writing on my blog every day with huge new information to help my readers. Fashion is my hobby and eating food is my life. Social Media is my blood to connect my family and friends.
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