How Cyber Security Threats Can Make or Break Your Business

How Cyber Security Threats Can Make or Break Your Business

If you run a small- or medium-sized business, you may assume that cyber security threats and attacks only impact large, international companies. But if you think that, you’re wrong.

Hackers and other cyber criminals attack small businesses even more than large ones since they seldom have the kind of security measures in place that larger businesses do. According to recent research, 22% of small businesses have suffered from a cyber-attack sometime in the past. And the number of victims only climbs with each passing year.

What Kind of Cyber Security Threats are Out There?

Even if you’re new to the world of cyber threats, you’ve likely heard of malware, viruses, and phishing. But you may be a little confused about what each of these things entails. Here’s a brief rundown so you can get a better picture of the digital dangers your business is facing…

Malware is a broad term that encompasses a variety of harmful software that’s intended to damage computers, servers, networks, and more. Viruses and ransomware both fall under the larger category of malware.

Viruses are malicious programs that infect computers, spread across networks, and give cyber criminals unverified access to your data.

Ransomware is a form of malware that infects your system, encrypts files, and demands a ransom payment in exchange for the decryption key. Normally, ransomware enters through phishing attempts and software vulnerabilities.

Phishing is a kind of cyber attack that uses disguised e-mails or websites to elicit a click that holds malicious code behind it. Once you’ve made the mistake of clicking on it, your system will be infected with ransomware, viruses, or other malware.

These Cyber Threats Endanger Your Data

Take a moment to think about all the data your business has on its computers and servers. What would happen if every last piece of information was suddenly available to malicious actors? What if a hacker locked you out of that data via ransomware? How would that impact your business? Your customers? Your reputation?

When your network is vulnerable to cyber-attacks, you’re putting all of this data at risk:

  • Your clients’ sensitive and personal data, including addresses and credit card information.
  • Business’s banking and financial information.
  • Product designs, future plans, manufacturing processes and private business documents.

And what’s more, cyber attacks won’t just impact you. Hackers will use your system to infect other computers connected to your network, leading to a chain reaction of digital damage.

How a Cyber Security Attack Can Impact Your Business

If you’ve never suffered from a cyber-attack, there’s a good chance you underestimate the damage they can cause. Statistics show that 60% of small businesses that have been a victim of a cyber attack shut down within six months. And even if you’re able to scrape by without closing, you’ll still have to deal with major issues, such as losses associated with stolen banking data, losses associated with disruptions in your business, the high cost of cleaning up your network, damage to your reputation, and more.

In other words, even under the best circumstances, a single cyber-attack can permanently handicap your business.

This is why cyber security threats can make or break your business. When you have regular risk assessments, quality antivirus software, a system for securely backing up your files, and training for your employees, you will be far less likely to ever suffer from a cyber-attack. And even if hackers do attempt to disrupt your business, these security measures will ensure that they don’t get far.

If you’d like to take advantage of a high-quality cyber security system for your business, look no further than Mazteck. We offer comprehensive security solutions that will protect your business against every kind of malware and phishing scam out there.

Mazteck can help your business be safe. Contact us today at 973-272-2324 to ensure your business is always safe and secure.