![]() Working remotely is convenient, but the risk posed by employees is two-fold. Scams targeting small businesses take different forms, including fake invoices, unordered office supplies or other products, directory listing scams, utility company imposters, business coaching scams, and counterfeit checks. In 2020, businesses filed 241,342 complaints of phishing scams, which cost them $54 million in losses. They can then use the information to access your system and accounts. For example, an attacker can email or call your employee in the disguise of tech support, gov’t agency, or bank support. This information highlights the prevalence of scams and how attackers can use them to exploit unsuspecting users to share valuable information or send money to bad actors. Imposter scams accounted for the majority of cases, and consumers lost $5.8 billion to fraud that year, representing a 70-percent increase from 2020. In 2021, the Federal Trade Commission received fraud reports from over 2.8 million consumers. While the cloud has different benefits, its success hinges on secure implementation and use. Also, up to 68% of organizations believe that cloud account takeovers pose a considerable risk to their operations. ![]() Therefore, businesses must now consider additional cloud cybersecurity protection tools and robust access control such as multi-factor authentication.īetween 20, up to 33 billion business records were exposed due to poor cloud security implementation. Multi-cloud environments also add security and complexity challenges due to a lack of visibility and control. The impact can even be worse for companies that count on a single cloud deployment for their business needs. However, the cloud can be vulnerable to flaws or weaknesses in a cloud environment, which attackers can exploit. It facilitates the on-demand availability of resources, such as servers, files, and applications, to support business operations in various ways. Cloud is Potentially VulnerableĬloud computing is quite effective and efficient in delivering different services via the internet. Mobile devices are desirable to APT groups and actors, such as Rampant Kitten, which has previously targeted mobile users using an elaborate and sophisticated campaign. For instance, in 2020, every organization experienced at least one mobile malware attack, according to a report by Check Point.Īlso, about 46% of organizations had at least one employee download a mobile app that threatened their systems and networks. Since mobile devices have software and internet access, they have security threats, such as data leakage, unsecured Wi-Fi, phishing or smishing attacks, spyware, spoofing, and SPAM. Today, mobile devices hold lots of information and can be connected to your company’s network at any time - this makes them prime targets for attackers. The increased use of smartphones and tablets has made them potential prospects for hackers. Cyberhacking is a multibillion-dollar enterprise, complete with R&D budgets thus, hackers invest in advanced tools and processes to penetrate systems. Like businesses, hackers are also constantly searching for the best technologies and techniques to leverage in their craft. Attacks are Getting SophisticatedĪs noted, advancement in technology also increases cybersecurity risk. Here are trends you should pay attention to: 1. ![]() However, you must monitor cybersecurity trends to protect your business from potential breaches and attacks while harnessing the full potential of digital transformation. Investing in technology to support your business growth and gain a competitive edge is highly advisable as a small business owner. AI and machine learning have been known to potentially increase the attack surface for hackers, while big data and the cloud hold lots of information, which can pose a considerable risk in the wrong hands. While digital transformation offers many benefits, it also comes with many challenges.įor instance, investing in technology also increases cybersecurity risks.
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