Cyberattacks are more frequent than ever and they can be extremely damaging to a company. You need to do all you can as a business owner in order to defend your business from cyberattacks. This includes implementing cybersecurity practices ensure safe data storage and privacy and ensuring that your staff is informed about the latest threats.

The 5 most significant cyber security risks for your business

1. The theft of passwords: One of the main reasons businesses suffer from data breaches is because of employees. Employees are the key to a company’s systems. They may not be aware of sharing private information with others or make a mistake with their passwords that could result in a hacker getting into the system. For instance, many users choose to use pet names and birth dates for their passwords. These can easily be hacked by hackers using a few online tools.

2. Malware:

Not only ransomware and viruses can harm your computer, but there are other threats, too. Cyber criminals also use social engineering and other techniques to gain access to your data. They often contact you via email or phone posing as a tax office, or any other authority to trick you into giving them your data.

3. Business Email Compromise:

This is one of the most expensive cyber attacks. Criminals compromise business emails in order to defraud companies. They typically gain access the email account of an employee and then alter their company to transfer funds to their personal accounts. This can lead to massive losses for the business and be difficult to recover from.