Small Businesses Are Often a Target for Hackers

Hackers will often use cyber attacks on smaller businesses because there is less sophistication in the cybersecurity of the company and computer system along with a greater ease for hackers to take information or financial resources. The small business owners must remain aware of these attempts to have a chance of warding off several types of hackers.

The Lack of Security in the Small Business

While many smaller companies lack the resources of greater businesses, they also lack the security these corporations may have at their disposal. This is prime to hit, and by targeting a smaller entity, the hacker must work less to achieve the same level of theft such as information important in keeping the business progressing or financial assets’ data such as account numbers and who else to target. With fewer hurdles to jump through, the hacker may target the small business and take what he or she wants with minimal effort. This may even lead to multiple small business cyber attacks in a short time.

Online Security

Cybersecurity is a must for any company that uses computing devices either extensively or as a primary means of doing business. The hacker is able to efficiently infiltrate the company with less difficulty when the cyber security is lax. Many owners will not understand fully how to protect the company through online security without a tech or IT team working constantly to ensure safety to customer and employee data alike. With few hurdles in place online, the hacker will have an easier time of both looking through the company and taking the info he or she wants.

Employee Training

Small businesses have fewer employees in most circumstances. This may also change how each worker proceeds through training and what information he or she will know when starting work. Even in larger companies, several employees can compromise the security of the network by accessing various websites while in the building. Small businesses with these employees can experience even worse complications because the worker is not aware of what steps he or she needs to take to keep the company safe from outside influence. A virus or trojan can infect one computer that then spreads to the entire

Confidential Information

The hacker usually targets a company for a specific reason. Often, this is to steal information to use later such as for identity theft or for fraudulent activity. However, some hackers want the confidential information within a company to either sell to the highest bidder or to ransom for money to the owner. With less security in place, fewer tech or IT professionals working for the entity and a lack of knowledge in how to prevent cyber-attacks, the hacker can steal the confidential information with less difficulty. Additionally, the company may not even become aware of the incursion until months or years later.

Naïve Employees and Management

While the larger businesses have tech and IT teams with strict protocols in place to reasonably prevent hacking, the smaller counterparts do not have these same measures. Employees that are unaware of phishing attempts or that viruses can come through email could open something that creates a backdoor into the system. Others may go to a certain website that leads a hacker to take the computer for ransom until paid a certain amount. When giving over details to these hackers, the small business can suffer greatly at the hands of naïve employees and managers unaware of how to avert such disaster.

Personal or Small Business Accounts

Some hackers will target the smaller business because there are fewer safeguards over personal or small business accounts than those of a corporation. While many hackers may go after information or the data within the computing system in the company, others will target the bank accounts and seek to transfer funds directly. It is possible to combine these processes and use gathered information to breach the bank and transfer out funds from the personal accounts of the owner. Others may create a fraudulent identity of the owner and withdraw the funds from the small business account or investment.

Small Business Legal Support against Cyber Attacks

The small business owner will need a business lawyer that understands how hackers work and cybersecurity measures. With the assistance and support of the legal professional, it is often possible to increase security for both the company and the accounts that hold financial assets. The business owner will need to usually take additional measures to prevent future attacks.

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Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer.
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