A Guide To Cyber Threats Facing SMEs

Top Cyber Risks for SMEs

Small and medium firms face a range of cyber threats. Phishing campaigns could trick staff into handing over credentials meanwhile ransomware locks critical files until a ransom is paid. Then there are supply chain attacks, which exploit weak links in third party services, insider threats that include accidental or malicious data leaks and outdated software that creates entry points for hackers. Each threat can be damaging for SMEs however many are preventable with the right cyber security measures in place. We’re going to run through our top tips on how to defend your company from cyber security risk.

Common SME Cyber Attacks

There is a growing need for stringent online security and hackers are becoming more creative and authentic looking in their approach. Therefore it’s important to be a step ahead with your IT systems and staff training. While we can’t cover off all the possible threats, here are some we’re seeing the most of:

• Phishing - convincing email can bypass controls if staff are not vigilant
• Ransomware targeting small businesses because attackers expect a quick payout
• Business email that has spoof invoices & redirects payments
• DOS attacks disrupt online sales & traffic

How To Defend Your Business

Start with basic IT hygiene that keeps systems and applications patched with the latest security updates and only give admin access to those who need it. By using multi factor authentication (2FA) on email and access to data or apps, it makes it more difficult for hackers to access vulnerable systems. It’s always vital to back up important data on a regular basis and test your restores so that you are not held hostage. SMEs should also consider network segmentation so an infected device cannot reach every system in the organisation.

Finally, it’s also key to train staff to safely spot phishing, suspicious requests and enable the right security settings within their accounts.

Advanced and Managed Options

Many companies don’t have the time or expertise to manage cyber security in house. Managed security detection and response can provide 24/7 monitoring and fast security incident handling. Proactive vulnerability scans and penetration testing can reveal weaknesses before attackers find them. Also, professionally installed endpoint protection and email filtering reduce the chance of a security breach. For practical implementation it’s a good idea to work an IT security specialist, as it can be cost effective and faster to deploy than hiring internal staff.

Why Consider Ashgoal Services

Ashgoal offers a range of cybersecurity services tailored to SME needs. Our security experts help with vulnerability assessments, managed security and rapid incident response. Using our services can reduce the burden on internal teams and bring proven strategies into action quickly.

We start with a risk assessment to identify your valuable assets, vulnerable areas and the threats to them before creating an incident response plan so everyone knows what to do if something goes wrong. Small IT changes made consistently can make big security improvements over time. If you are looking to tighten your online security, get in touch with us, we can help reduce threats and ensure faster recovery if a cyber attack takes place.

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