One of the most common cyber threats facing small businesses is malware, which can cause significant damage to a company’s data and systems. One success story comes from a small technology business in Virginia that was hit by a ransomware attack. The attackers demanded a large sum of money to unlock the company’s files, but thanks to their robust backup system, the business was able to fully restore their data and resume operations without paying the ransom. This highlights the importance of regularly backing up data as a crucial part of cybersecurity strategy for small businesses.
Weak passwords are another common vulnerability that cybercriminals exploit to gain access to sensitive information. A successful small business in New York City recognized this risk and implemented a strong password policy, requiring employees to create complex passwords and change them regularly. This measure proved effective when an employee’s account was compromised, but the hacker was unable to access any valuable information due to the strength of their password.