The cyber threat landscape is rapidly growing and evolving, and small and medium-sized businesses (SMBs) are increasingly a target. In fact, over half of SMBs have suffered a cyberattack within the last year.
In the modern cyber threat landscape, any company can be the target of a cyberattack. This makes it extremely difficult for SMBs to focus on what matters most – which is keeping their business alive and thriving. The average SMB simply isn’t built to take on a cyberattack, and will likely have a hard time recuperating from its loss in the unfortunate event of a successful attack.
SMBs can be attacked in various ways, but some cybersecurity risks are greater than others. Some of the biggest cyber threats that SMBs face are phishing, password loss, and ransomware.
Phishing attacks are some of the most devastating cyber threats that a company can face. A phishing email is relatively easy and inexpensive for a cybercriminal to create and has the potential to deploy malware or steal sensitive information from an organization.
Phishing campaigns are easily scalable, making it possible for phishers to target a wide range of organizations in their attacks. If a phishing message succeeds — when a user clicks on a link or opens an attachment — the attacker has sensitive data or a foothold on the victim’s network that they can use for future attacks.
In theory, passwords provide a means to verify the identity of a user before granting access to corporate systems or online accounts. In practice, people commonly use weak passwords, reuse passwords across multiple accounts, or accidentally reveal their passwords to phishers.
Weak and reused passwords are easy for an attacker to exploit. With a list of usernames — often email addresses — and commonly reused or breached passwords, an attacker can automate the process of testing these passwords against different online services or corporate systems. If they find a match, the attacker now has legitimate access to the user’s account with all of the privileges granted to that user.
Ransomware has emerged as one of the most common and expensive cyber threats. If an attacker can deploy malware to an organization’s systems — via phishing, compromised passwords, or other means — that malware can encrypt vital business data or render critical systems inoperable.
SMBs face numerous cyber threats. Some best practices that businesses can implement to reduce their cyber risk include:
Small businesses face different cyber threats than the average large enterprise. Learn more about the cyber risks that your company should be thinking about in Check Point’s 2021 SMB Security Report. To address these threats, SMBs need cybersecurity solutions that are designed for them, and the endpoint is a great place to start. In this report, IDC MarketScape highlights the capabilities that SMBs need and where to find them.
Check Point has developed security solutions tailored specifically to the unique needs of the SMB. Learn more about how you can protect your organization with Check Point with a free demo of Check Point’s Quantum Spark SMB Security Gateway.