The 5 Biggest Cyber Security Risks For Business

Cyberattacks are more frequent than ever and they can be extremely damaging to a company. If you are an owner of a business you must do everything you can to protect your business from cyberattacks. This means implementing cybersecurity best practices and keeping your employees up-to-date on the most recent threats.

Cyber security threats to your business Five major cyber-security risks you must be aware of

1. Password theft: One of the primary reasons why businesses suffer from data breaches is due to employees. Employees are the gateway into the company’s systems. Employees are prone to accidentally divulge confidential information to outsiders or make poor password selections which could allow hackers to gain access. Hackers are able to easily crack passwords that contain pet names or birth dates.

2. Malware:

Ransomware and viruses are both common threats that can cause damage to your computer system however they’re not the only ones. Cyber criminals also use social engineering and other techniques to gain access to your data. They typically email or call you pretending to be a tax department, bank, or other authority in order to trick you to give up your information.

3. Business Email Compromise:

This is one of the most costly cyber attacks that involves hackers compromising corporate emails to steal money from the company. They usually gain access to the email account of an employee and then manipulate their company to transfer money to their personal accounts. This can result in a huge loss for the company and be difficult to recover from.

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