Hacking Small Businesses Is Big Business for Cybercriminals

unrecognizable hacker with smartphone typing on laptop at desk

From Facebook, Apple, Twitter, The New York Times and The Wall Street Journal, the growing list of companies that have fallen victim to hackers reads like Who’s Who in American businesses. 

That might lead small and medium sized business owners to conclude one of two things:  they’re protected from hack attacks because they’re too small to be tantalizing targets. Or even if they aren’t safe, there’s nothing they can do to protect themselves.

The reality is both of these assumptions are dead wrong. And for the average business owner, either of them could prove to be fatal.  

For Cybercriminals Planning Hack Attacks, Small is Beautiful

According to a recent Identity Breach Report by Constalla, small to medium sized businesses have become hackers’ main targets, resulting in a whopping 424% increase in just two years. Why? Because cybercrime organizations using automated hacking can steal as much or more data from them with less risk of getting caught.

The truth is that small businesses now represent 43% of all cyberattacks, according to Accenture. But only 14% of small businesses are prepared for such attacks, as they don’t have adequate device protection or backup systems in place. And with the average cyberattack costing businesses $200,000, it only takes one attack to put most businesses out of business forever. 60% of businesses that suffer from such a cyberattack go out of business within the same year. 

Small Business Owners Still Believe They Are Safe

According to Keeper Security’s 2019 SMB Cyberthreat Study, nearly two thirds of small business owners still believe they are unlikely to be targeted by online criminals. Similarly, 6 in 10 have no security plan in place at all, which underscores the need for heightened awareness and education across the board.

Add on to this additional expenses such as regulatory compliance, investigative fees, attorneys’ fees, and loss of customer revenue, not to mention relationships, and costs associated with cyber attacks can quickly multiply. 

Many cyberattacks against small and medium sized businesses use sophisticated malware and social engineering techniques that fly under the radar of conventional security tools. 

Remember, the cost of just one hack attack can far exceed the cost of implementing security procedures to protect your company’s online security.

Make It Your Business to Protect Your Business from Hackers

Below are ways that you can protect your business: 

●      Make sure your firewall is turned on and all your company’s software is up to date. That means everything from your operating system and your web browser to virus, spyware and malware detection software. Run frequent scans.

●      Educate your employees about security procedures and policies.

●      Change the default identifier and the administrative password that your router was shipped with.

●      Use strong passwords for your employees – a complex combination of letters, numbers and symbols that are difficult for others to guess.

●      Set your company’s system and browser security settings at medium or higher.

●      Remove unnecessary data by eliminating it safely or storing it securely and regularly monitoring it.

●      Have a network security audit performed to find out whether your company has any security vulnerabilities.

●      Disable file sharing on company laptops used in the field.  Make sure they have adequate security protection in case they’re lost or stolen.

●      Make sure your company limits access to sensitive information in your network.

●      If your company is hacked, don’t try to hide it. Know your state’s data breach notification laws. They can require reporting breaches to customers and law enforcement officials in every state where you do business.

●      One of the most important things you can do to safeguard your small business is to use a virtual private network solution like Remote WorkForce VPN for protection against hackers. 

Remote WorkForce VPN encrypts the data traveling to and from your computers, making it invisible to hackers. That’s especially important when employees use personal or company laptops to conduct business at wifi hotspots and other unsecure networks.

So if you are a small business owner who has never thought about security, or if you always meant to but never got around to it, take the first step towards protecting your company and your company’s future by using Remote WorkForce VPN.

Get Private Wifi   Protect your personal information.
Get DataCompress   Cut your mobile data usage.

Jared Howe

Jared Howe is PRIVATE WiFi’s Senior Manager, Product Marketing Communications. Working in high tech for over 15 years, Jared currently lives in Seattle with his wife, daughter, and their two cats.

7 Responses

  1. Milanda Seger says:

    Building credit can make life easier, it gives you a better chance of qualifying for loans or credit cards. You also might get lower interest rates, better car insurance rates and a chance to skip utility deposits. Let’s say your score is 450, this range is considered a bad credit.I recommend that You reach out to this professional via his email (creditfixtech AT gmail DOT com) to help you fix and boost your credit score. He helped me fix mine and my credit score got boosted by over 150 points. He is the best. Contact him and he will help you fix your credit score

  2. xceednetISP says:

    “Thank you for sharing this amazing blog with us. I have learned many things from your blog. For more visit:- https://www.xceednet.com/wifi-hotspot-software-kenya/

  3. There are a lot of reasons why cybercriminals target small businesses. They know that small businesses often don’t have the resources to protect themselves, so they’ll take advantage of that.

    Small businesses also tend to have less security than larger companies, which is another reason why cybercriminals target them.

    But an even bigger reason for this trend? Small businesses pay more. Cybercriminals know that small businesses are more likely to pay up, and they’re willing to invest more time and effort into getting what they want from a smaller company than they would from a larger one.

  4. If you’ve ever had your email address or personal information compromised, it’s important to understand why this happens and how to protect yourself from it happening again. Whether you’re a small business owner or an individual looking out for your personal safety, MobileHackerForHire can help protect you against cybercriminals by tracking their activity and recovering any money they’ve stolen from you.

  5. it’s so surprising to me that cybercriminals are targeting small businesses in droves—they don’t really seem like the type who would be able to deal with the kind of advanced hacking that cybercriminals are doing these days.

  6. Francesca Owen says:

    Honestly, getting a real hacker is very rare but I found an assembly of the finest hackers in Europe. They do a wide variety of hacks such as credit repairs, intercepting bank transfers, hacking into sophisticated devices such as phones, computers, CCTV’s, ATM Cards, intercepting company emails, company databases and much more. They show proof of their authenticity. You can contact them for any kind of hack you need via email at “SYNODx @ TUTANOTA • COM”

  7. DANIEL RAY says:

    and is looking for a Trusted and Guaranteed Recovery Agent to help your get back your stolen funds ( MORRIS GRAY 830 @ Gmail . com ) is the right man for the job,

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.