The 5 Biggest Cyber Security Risks For Business

Cyberattacks are more frequent than ever, and they can be extremely destructive to businesses. You should do everything you can as a business owner to safeguard your company from cyberattacks. This includes implementing best cybersecurity practices and keeping your employees up to stay ahead of the competition with proactive updates date on the latest threats.

The 5 biggest cyber security risks for your company

1. Password theft is among the most common reasons that businesses suffer data breaches. Employees are the main entry point into a company’s system. Employees can unknowingly give out sensitive information to strangers or make poor choices for passwords which could allow hackers to break in. For instance, many people choose to use pet names and birth dates for their passwords – which can easily be cracked by a hacker with a few online tools.

2. Malware:

Not only ransomware and viruses can damage your computer there are other threats, too. Cybercriminals also employ social engineering and other techniques to access your data. They typically email or call you pretending to be a tax department or bank authority in order to trick you into giving your personal information.

Business Email Compromise:

This is among the most expensive cyber attacks, which involves criminals compromising business emails to steal money from the company. They typically gain access to the email account of an employee and then manipulate the company into transferring money to their personal accounts. This could result in significant losses for the company and be difficult to recover.