Small and medium sized businesses now account for 50% of the targets for hackers and cyber crimes.
Here are the three reasons hackers targets your business.
Small Businesses Are More Exposed
While large enterprises have the funds and personnel available to enact strict security protocol and regulations, the small business doesn’t. Instead, they rely on their staff’s limited knowledge of cybersecurity to protect their data. It’s reported that 71 percent of security breaches are small businesses, which you wouldn’t be able to tell from the attention given to recent high-profile hacks, like Target and Sony.
Small Businesses Have Sensitive Data
Believe it or not, it doesn’t take much to attract hackers to a business. They understand the true value of data, and even a few credentials or records are enough to attract unwanted attention from these criminals. The typical small business has employee records that hold personal information, financial records like credit card numbers, and some even have health records on file that are in high demand. Hackers take this information and sell it on the black market, which make it a lucrative source of revenue for criminals.
Small Businesses Are Vulnerable to Phishing Attacks
Hackers don’t want to take any risks that they don’t have to. Small businesses are often targeted by spear phishing tactics, which is when a hacker attempts to steal credentials by posing as someone with authority. Hackers will often take on the identity of an organization’s IT technician or vendor in order to acquire credentials for internal network access. This, in turn, leads to hacking activity that’s difficult to trace, and is ultimately much safer than other hacking methods.