3 Types of Cyberattacks That Threaten Small Businesses

There was a time when small business owners could lock their doors, set the burglar alarm, and rest easy at the end of the day knowing that their business would be safe and sound. Unfortunately, criminals today can harm your business without ever setting foot inside your physical location. These are the three main cyberattacks that threaten small businesses.

Malware Attacks

Malware, or malicious software, can infiltrate your systems to perform actions you don’t authorize like releasing credit card information about your clients. The cost of notifying your own clients and indemnifying them for the breach in their data would be covered if you have first and third party cyber insurance coverage.

Phishing Attacks

Sneaky cyberthieves send emails asking for users to verify passwords or other such data. Because the emails often look legitimate, employees may inadvertently hand over sensitive business or client data. This kind of cyberattack is preventable with proper training, but still poses a significant threat without constant vigilance.

Insider Threats

The most nefarious cyberattack is the one that comes from within. Disgruntled employees have access to your systems and passwords and therefore pose the largest threat to your data. The best way to prevent this is to be selective about giving access to sensitive or proprietary information, and change passwords every time employees transition in and out of roles.

Cybersecurity is an important consideration for every small business. Knowing what threats loom will help you prevent cyberattacks before they happen.