4 Cyberthreats Small Businesses Need to Know

Data breaches have become more common in recent years, owing primarily to the rapid emergence of new threats. According to a new study, the average cost of a data breach increased 2.6% from 2021 to 2022.*

Hackers can now access sensitive information a lot easier than ever before, thanks to ever-rapid growth of the Internet and businesses’ increasing reliance on digital technologies to stay relevant to customers.

Why Do Cybercriminals Target Small Businesses?

Cybercriminals often access your sensitive information for the sake of selling it for profit on the dark web, or use it to commit other crimes such as identity theft.

Additionally, there are plenty of cybercriminals who treat cybercrime as a sort of sport, looking to break into data systems for the challenge of it, with your data being a reward that is secondary to the challenge of the endeavor.

How to Protect Your Business from Cybercriminals

So, what can you do to safeguard your business against data breaches?

The first step is to be aware of the threats that exist.

Second, you must take precautions to protect your data.

Third, you need to know what to do if your data is compromised.

In this blog post, we’ll discuss a few of the threats you need to look out for to safeguard your business. Matrix Integration offers businesses cybersecurity solutions that can help prevent and mitigate these cyberthreats, so do not hesitate to contact us if you want to protect your business.

Don’t Let These Threats Disrupt Your Business

Here are some lesser known cyberthreats that you need to be aware of:

Juice Jacking

Juice jacking is a cyberattack where a malicious actor secretly installs malware on a public charging station. This malware can then infect the devices of anyone who plugs into the charging station.

Once infected, the attacker can access the victim’s data. Crazy, right?

An attack of this nature needs to be proactively tackled because more people are using public charging stations to charge their devices.

Remember, it is not just phones that are at risk, as any device connected to the infected public charging station is susceptible to juice jacking, including laptops and tablets.

If you must use a public charging station, take a few precautions. To start, only use trustworthy stations.

Second, to keep your device from becoming infected, use a USB data blocker.

Finally, ensure that your device is in “charging” mode rather than “data transfer” mode.

Malware-Laden Apps

The number of smartphone users has grown and along with it the number of mobile apps.

While there are many legitimate and safe apps available in app stores, there are also many malicious apps cybercriminals release despite valiant efforts to keep app stores safe.

One of the biggest dangers of downloading bad apps is that they can infect your device with malware. This malicious software can wreak havoc on your device, including stealing your personal data, vandalizing your files and causing your device to crash. In some cases, malware even equips hackers to take control of your device remotely.

So, how can you protect yourself from downloading malware-laden apps?

The best defense is to be vigilant and research before downloading any app, even if it’s from an official store like the App Store or Google Play Store. Do not assume that Apple or Google have reviewed every app put up on the store. Check reviews and ratings, and only download apps from developers that you trust.

Malicious QR Codes

It’s no secret that QR codes are becoming increasingly popular. Unfortunately, while they offer a convenient way to share information, they also present a potential security risk. That’s because scanning a malicious QR code can give attackers access to your device and data.

The best way to protect yourself against this type of attack is to be aware of the dangers and to take precautions when scanning QR codes.

For example, you can use a reputable QR code scanner that checks malicious content before opening it. You can also avoid scanning QR codes that you don’t trust.

Using Public Wi-Fi Without a VPN (Virtual Private Network)

Public Wi-Fi is everywhere, and it’s often very convenient to use when you’re out and about. However, what many people don’t realize is that using public Wi-Fi without a VPN can be a security disaster.

When you connect to a public Wi-Fi network, you unwittingly invite potential hackers and cybercriminals to access your data. Without a VPN, anyone on the same network as you can easily see what you’re doing online. They can intercept your data and even steal sensitive information.

That’s why we recommend using a VPN. A VPN encrypts your data and provides a secure connection, even on public Wi-Fi.

Collaborate to Tackle Cyberthreats

If you can’t devote sufficient time and effort to combatting cyberthreats, partnering with an IT service provider is your best option.

An IT service provider, like Matrix Integration, can help you with cybersecurity, backup, compliance and much more.

We can also improve your employees’ readiness to deal with cyberthreats by helping you provide regular security awareness training. “Cybercrime literacy” is one of the offerings that we have for everyone in your company.

Employees can benefit from this training by learning how to identify and avoid phishing scams, protect their passwords and detect other types of cyberattacks.

To learn more about security awareness training, download our eBook “Security Awareness Training: Your Small Business’s Best Investment” by filling out the form below.

Sources:

* IBM Cost of Data Breach Report 2022