Posted: 9th February 2022

Cyber security risks for businesses

Cyber security risks for businesses

Due to the pandemic, we’ve been taught to recognise the importance of going online with your business. The longevity of businesses depended on whether we were able to continue business as normal but in the safety of our own homes. However, this has also brought to light the global lack of Cyber security knowledge within businesses.

Although this was great for reducing the risk of catching and spreading Covid, the accelerated adoption of digitalisation has left some of us feeling a bit confused and potentially exposed.

Educate Your Team on cyber security

With so much of our information now stored almost entirely online, it’s become more important than ever to educate the team you have on any potential cyber security dangers.

Often businesses have opted for specialised teams to deal with their cyber security or even freelance workers. This is great as a solution to identify gaps in your protection. These organisations often offer 24/7 monitoring and stay up to date with the continually evolving nature of cyberattacks. 

However, although some of your team may be savvy with cybersecurity practices your whole team needs to be able to identify these dangers and have the know-how to protect themselves and the business. Training your team to recognise common cyber-attacks can help you save time and money in the long run. 

It can be as simple as learning to identify key features of phishing emails. ‘Phishing emails’ are emails that disguise themselves as legitimate emails, from legitimate companies in an attempt for you to let your guard down and either click, sign in or even simply open an email, text or answer a call. It only takes one colleague to download a file containing malware to grant a hacker access to your company’s inner workings.

Tessain, experts at eliminating data breaches, conducted a study that resulted in 47% of individuals admitting to having clicked on a phishing email at work. The repercussions of such emails can have long-lasting, damaging effects on a business. This is why we’ve made it part of our mission to educate businesses on the importance of cyber security not just for the company but for each individual within the company.

 

Examples of Cyber security risks for businesses

 

1. Phishing attacks

As previously mentioned, these are emails that disguise themselves as legitimate emails, from legitimate companies in an attempt for you to let your guard down and either click, sign in or even simply open an email, text or answer a call. It is estimated that 70% of all cybercrime is using a phishing attack.

2. Malware

Known as the most prolific of security threats. Malware has been around since the dawn of computers. So how can malware affect my business? Malware is a malicious form of programming that when embedded within your machine can deny access to programs, delete, and steal files and spread itself to other systems. Types of malware can vary, some of these include computer viruses, Trojan horses, worms, ransomware and spyware.

3. Password theft

Password theft is good at further highlighting the importance of cyber security awareness and the ability to sniff out dodgy emails. One of the most common ways passwords are obtained is through users directly entering their passwords into sites they deemed genuine. You can learn more about password theft and potential threats to your cyber security here

 

What are your options?

As big advocates of prevention being better than cure at Crescente, we recommend taking the most basic steps. Start with your staff. Provide regular quality cyber security training. Make sure your tech is up to date and protected. You can do this by connecting with experts. The cost of these will always be less than suffering a single security incident.

Here are some of the options we think are great starts to getting yourself and your business protected.

Crescente Cyber security course: A great and affordable way to educate your whole team on the fundamentals of cyber security.

Cyber Security E-Learning: Professional security awareness training, suitable for all employees and available in multiple languages.

Acronis Security Assessment Service: Industry-proven protection for your business.

Reference list:

Why We Click: The Psychology Behind Phishing Scams and How to Avoid Being Hacked