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How to Protect Your Business from Phishing in 2023, 2024?

Phishing is the biggest threat to online business. Moreover, successful phishing attacks result in a massive loss for the business. Not only the phishing attack can take your website down, but also the hacker can use it for gaining access to your valuable data.

The phishing attack is the common choice for the hacker because it can be hard to figure out the attack. The hacker can use various ways to gain access to your business website, the cybercriminal use to send an email, phone calls, to hide the phishing scam. Once a user clicks on the link, the hacker gets access to all the personal information.

You may think phishing is a new technique that cybercriminal uses to attack your business website. However, you are wrong the phishing has been present from the inception of the internet, which tells the phishing attacks will not end soon.

So, let us take a dip dive into the topic of phishing, as the knowledge about the threats can protect the business from phishing.

Types of Phishing Attack You Should Know About

Phishing attacks can happen in many ways. The hacker can exploit various gaps present in your security to gain access to your personal information.

  • Phishing email: The phishing mail sally appears in a mailbox. The target falls into the trap by opening the mail or clicking on the link.
  • Domain spoofing: Domain spoofing is one of the popular ways to gain the victim’s personal information. Hackers usually mimic a valid email address, like greaterlearning.com or any popular company name. When victims engage with thinking them to be the genuine message, they fall into the scheme.
  • Voice phishing: Voice phishing is the oldest method use by attackers. The attacker calls a victim and deceives them by asking for their personal information. To gain the trust of the victim, they often use the false identity of the government employee.
  • SMS phishing: Attackers guise themselves as genuine companies and send the message a link to victims.

Do small businesses need to protect the business from phishing?

The most common conception among small business owners is that only big corporations target hackers. However, the reality bit harsh for the small business. Small businesses have a lot of vulnerabilities that a hacker can exploit. Small businesses are the favorite target of hackers.

Here are a few reasons why phishing attacks commonly occur for small businesses:

  • The small business has limited resources to protect themselves from online threats.
  • The employees are careless about online threats such as phishing attacks, viruses, malware, and other hacking threats.
  • The biggest reason is the lack of motivation from the small business to work on firewalls against hacking attacks.

These are the primary reason that attracts attacker to your small business. Besides, the lack of security on small businesses allows attackers to exploit more. The future in business shows that many businesses now start using minimal resources due to ease of doing business.  Therefore, it is clear that cybercriminals are going to use this as an opportunity.

So, what can small businesses do to protect their business from these online threats? Well, small businesses or big businesses can do many things for their protection, and here are some of the tips:

Train your Employees

You may be tech-savvy or not in and out about cyber security. But can you say the same for your employees? The hacker likes to exploit such vulnerabilities to take your own business. The inexperience of your employees on cyber security is an opening that you need to fill. It would help if you used your resource to bring every employee on the same page as you.

You can create security guidelines that can help your employees to protect the devices from phishing attacks. Besides, the hackers commonly target employees when attacking a business, not the owners. So working with your employees or colleagues is the right approach to safeguard against online threats.

Regular Software Update

It will help if you stop avoiding the system and software update messages. The software update is a necessary process missing on it leads to welcoming cybercriminals to exploit your business. Besides, updating the software gives you the satisfaction that your organization’s security is up to date.

The outdated software may have problems with their code that open up the window for hackers. The update may fix the code that stops hackers from using the previous exploit.

So, update your window, antivirus, and firewall regularly to protect your business from phishing. Even innocent software like PDF reader and image viewer needs an update, so make sure to leave any software.

Enforce the Policies for Password

The phishing attack has one common element, after a successful attack, the attacker tries to use the credential at all the places. Therefore, if your employees are still using the old credential to log in and work on the system, the hackers can attack your systems once again.

The only way to avoid such happening is to ask your employees to update passwords once a month or week. You can even create employee guidelines to avoid the same user password by employees everywhere. Using the same password gives hackers access to much bigger things than what they have accessed previously on their successful attack.

Another gap in security can be the use of a weak password by your employees. Many employees habit using their name, birth date, or anything related to their personal life. Hackers know about such habits of people. Therefore, they often try to break into your system by trying a weak password. Therefore, you strictly enforce the use of strong passwords in your company.

Isolate Critical Components

Another gap in your security occurs when you avoid isolating the critical component of your infrastructure. Not all systems need to be online, accessible or connected to the backup server. You can isolate the system that you need to work on the backup server. You can sort the network that allows access to a few systems to critical components.

For isolating the infrastructure, you need to sort out the network first. Isolating the infrastructure can slow down the operation at your company or give rise to extra steps to perform specific tasks. But keep in mind the safety of your system is more important.

Implement a centralized network protection solution

Even after training your employees, a phishing attack can happen. Most of the time-trained employees make mistakes and click on the wrong links. Therefore, to fight such a situation, you can introduce the central firewall that connects everyone. Moreover, you can use the central firewall for filtering malicious sites, which prevents the accessibility of your employees.

Conduct Drills

Big organizations always conduct regular drills to check their internet safety. However, small businesses often miss conducting such drills. However, conducting the safety drill is not a constant endeavor, still, people like to avoid such security drills.

The phishing drill helps to find the holes in your active security system. Knowing about these gaps in security gives you the following insights:

  • Which attacks are more likely to happen?
  • What are adjustments you need to make to safeguard your system?
  • How well your security setup is working?

Therefore, for small businesses are advice is to schedule the phishing attack drills more often. The hacker only needs one chance to mess up your system and bring your business down. Therefore, do not avoid the inexpensive check such a security drills.

Remember that phishing attacks can happen to anyone

Phishing attacks are more familiar to occur than other online threats. Therefore, it would be a mistake to assume your systems are free from any phishing attack. Hackers are innovative and always look for vulnerabilities. You will be surprised by learning how many ways a hacker can use to access your system.

Even government organizations are not free from phishing attacks. A recent example is the Florida Collier County incident, where the hackers have attacked the county directly and extract around $20,000 in a malware attack. Therefore, being Small Corporation, you should avoid taking the phishing attack lightly, as attackers constantly seek the help of new technology to hack into the systems.

Author Bio: Prashant Pujara is the CEO of MultiQoS Technologies Pvt. Ltd., a leading Flutter App Development Company specialized in web and mobile app development services. He has more than 10 years’ experience in Web development with a strong focus on mobile app development for all kinds of platforms including iOS and Android. Social Profile: LinkedinTwitterInstagramFacebook

Originally posted 2021-09-29 17:54:33. Republished by Blog Post Promoter

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