For as long as the Internet has existed, there have been individuals seeking ways to exploit its advantages and weaknesses. If you’re a start-up or small business, cyberattacks can significantly affect your operations. According to Vodafone Business, more than half (54%) of SMEs in the UK had experienced some form of cyber-attack in 2022, up from 39% in 2020.
While cyberattacks are often considered to be a threat mostly faced by government agencies or large companies, the reality is that hackers are increasingly focusing their attacks on smaller businesses. Here are some reasons for that:
SMEs have a lower budget to implement strong security measures
This may limit their ability to invest in advanced security solutions or hire specialised people to manage their cybersecurity. As hackers become more sophisticated and their tactics become more difficult to identify and protect against, smaller organisations may face challenges to keep up, leaving them at risk of becoming an easy target.
Many businesses believe that they are too small to be affected by an online attack
Many small business owners still have the mindset that cyberattacks cannot happen to them and do not see the need to invest time or money in a cybersecurity plan. Consequently, the budget for cybersecurity programmes is minimal, systems are outdated and unsupported, and the software needed for outdated devices is no longer supported.
SMEs are used as gateways to larger companies
Many SMEs are subcontractors or affiliated with larger businesses, providing human resource work, cleaning, or providing third-party solutions. As SMEs are often electronically connected to the IT systems of some of these larger partner corporations, hackers may use them as an entry point into more desirable targets.
What are the most common online attacks on SMEs?
Today, the list of cyber-attacks keeps growing as hackers embrace new methods and technologies. Here are just a few of the more common ones to be aware of.
- Phishing – Attackers send emails to trick businesses into sharing sensitive information
- Malware – Company devices are infected with viruses and malicious software in order to steal information or cause widespread damage to internal systems.
- Remote access – In order to obtain sensitive company details, including passwords and financial information, attackers may attempt to gain remote access to a business computer.
- Ransomware – Malicious software is used to extort money from a target.
- Distributed Denial of Service (DDoS) attack – Slowing down or completely shutting down an internet service by creating a large number of requests.
Securing your SME does not mean breaking your budget
Moving to the cloud will change the way your business operates. Our team has the potential to play a major role in the digital transformation of your business. Everyday Communications’ Cloud Connectivity for Business service has been developed to counter the risks that come with Cloud computing, with your direct connection coming from our own infrastructure.
If you would like to find out more about how we can help your business, please get in touch with our expert team.