Cyber security is (or should be) a major concern for businesses, as poor security can lead to costly downtime and data loss. Despite this, research has found the 73 percent of businesses rate their Cyber threat detection capabilities as inadequate.
This is where cyber attackers install and run software on a target computer, lock access to files and demand a ransom to return access. Cyber security firms claim that over 4,000 ransomware attacks on business networks and home computers are carried out every day. Ransomware is a severe threat for data-conscious businesses, which is why it’s vitally important to only run secure software and open trusted emails.
2. Smartphone Access
It doesn’t take a genius to see that the modern world is becoming increasingly mobile, and obviously this poses new threats for corporate security. Research from Dell has found that 22 percent of employees at small to mid-size businesses have lost a company-issued device such as a phone or tablet. The same study found that just 35 percent said they used a password or PIN code to secure their device. A company-issued device in the wrong hands will spell trouble without a pass code lock.
3. Software Flaws
Having out-of-date software will leave open security holes for cyber attackers to gain access. While this has always been a concern with desktop machines, the rise of smartphones and IoT (Internet of Things) connected devices means more devices than ever need to be kept up-to-date. It is important to ensure smart connected devices stay secure.
Phishing is where a cyber attacker copies a legitimate website or email to try and trick the victim into handing over credentials and sensitive information. Confirmed reports have found that 76 percent of businesses were the victim of a phishing attack in 2018. Employees need to understand how to spot phishing scams when they reach the inbox, making sure they never give data to unverified sources.
5. Bad Passwords
Some cyber attackers can simply gain access to systems through poor password practice. It’s vitally important to use a strong password, minimum of 8 characters with a combination of letters, numbers and symbols to avoid it being cracked. Password cracking machines exist and most passwords can be cracked in under two seconds.
6. Lack of Staff Training
In many cases, the weakest link is the human link. Research has found that a staggering 45 percent of employees across businesses admit to engaging in unsafe behavior, most employees unfortunately believe that their employer’s IT systems offered enough protection against attacks. Attackers can take advantage of employees that don’t remain vigilant.
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How would your business stand up against a Cyber attack?
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