Your data is pivotal to running a successful company. If you don’t have proper security measures in place, hackers can easily steal your data and take you out of business.
Cybercriminals might be the biggest threat facing your company. Besides gaining access to your money and accounts, they can also take over critical software, preventing you from collaborating with clients.
Any organization can fall victim to hacking. However, small and medium businesses are particularly at risk.
Too often, their owners don’t always address cybersecurity when launching their company. Sometimes, they even just hire the first IT service provider they see. They also don’t know how to shield themselves from online attackers, making them low-risk targets.
As a result, these organizations often go under due to the loss of sensitive data. It isn’t a risk you can take.
To help mitigate it, this article will introduce you to the various types of hackers and explain how to protect your business from them.
Who Are After Personal Information
Many hackers are dying to get their hands on the personal information of your clients and employees. It includes birth dates, financial data, and social security numbers.
Social security numbers might be the most valuable asset they want to get ahold of since cybercriminals can use them for various purposes. For instance, they can perform tax fraud, open credit accounts, and make other significant identity breaches.
In addition, financial data can be utilized for fraudulent activities and purchases, especially if it lacks robust digital security systems.
Who Want to Get Into the Digital Infrastructure
Storage and data servers are expensive – and hackers know that.
In order for them to cut costs, hackers may aim to store their applications and data on your infrastructure instead. The better your infrastructure, the more likely cybercriminals are to target it. This can strain your network to the limits and have devastating effects on your business.
Unsurprisingly, tech companies are some of the most common victims of this type of hacking.
The common indicators that a hacker has tapped into your digital infrastructure include:
- Running out of storage faster than usual
- Your network suffers slowdowns
- You may have unknown devices on your network.
Who Are After Confidential Information
Few business aspects are as important as your intellectual property (IP). Your products and services enable you to stand out from the competition and strike a chord with the target audience.
A huge problem arises if hackers steal the design of your upcoming product before you launch it or submit your patent. A competitor may obtain the information, allowing them to hit the market first and undercut your sales.
Who Want to Get Account Data
Sure, you and your IT service provider might have done enough so that hackers might not be able to obtain financial data. But are your employees’ accounts secure?
If hackers compromise them, they may let them run scams and gain information to disrupt your operations.
For example, losing CEO login credentials can be devastating. Besides granting hackers access to sensitive information, it also helps them impersonate the CEO. In return, they can solicit information from employees or clients and halt your operations.
This data breach can lead to widespread confusion, tarnishing your reputation.
Who Aim to Have Network Control
In some cases, hackers aren’t after data. Instead, they want to gain control of the entire network. And to make it happen, they launch ransomware attacks.
These activities enable them to lock you out of the system and make data inaccessible until you pay a ransom. They’re typically initiated through spam, phishing emails, and online ads.
The average ransom amount stands at approximately $30,000, but the loss caused by business disruption is much more significant.
Article used with permission from The Technology Press.