Trend Micro Predicts that Cyber Attackers Will Continue to Go After Smaller Businesses in 2016 and This Makes SMBs the Prime Targets
According to Noah Gamer, Senior Manager, Search Marketing at Trend Micro Inc., despite attacks against big companies such as Sony Pictures, Target, and TalkTalk, cybercriminals will turn their heads towards small and medium-sized businesses instead.
This is because high valued companies are not the easiest targets, especially since there are relatively few of them. Hackers that are looking for a quick payday will have better success going after a larger number of targets than trying to orchestrate advanced targeted attacks against one bigwig organization.
Their attacks can come in multiple forms.
Distributed denial of service attacks (DDoS) represent a huge cyber threat to any business, but especially to SMBs that can only afford limited bandwidth. With this method, cyber criminals can hold an SMB’s core service at ransom, effectively crippling the company and generate losses until their monetary demands are met.
Point-of-sale malware is not a new cyber threat, but it’s one that has become especially prominent in the past few years. Everything from restaurants to boutiques to small service providers are heavily targeted, mainly because cyber security is not quite as strong for these companies. Many small businesses can hardly afford to become the victim of a POS malware ploy, let alone cover subsequent legal damages.
Finally, phishing scams will always be a problem for companies of all sizes. Much like DDoS attacks, modern phishing scams often take the extortion angle. There are various forms of encryption malware, and many of them start off as phishing scams.
Phishing ploys also targets social media portals as well. For an SMB that relies on its Web presence to drive traffic to brick-andmortar locations, a hacked company Facebook page could be disastrous. Regardless of the targeted medium, a phishing scam can cause serious productivity setbacks for SMBs.