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The Threats Your Business Can Face Online

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Today, the threat that comes from cybercrime and other cyber security issues should not be underestimated. Lots of businesses are thrown into turmoil by threats online, and some of them are never able to fully recover. That’s why being aware of the threats out there and how you might fall victim to them is so important. When you have that knowledge, you can prepare accordingly. So read on now and find out more about the threats your business can face online. 

Security Problems Relating to the Software You Use

When you download software for you and your team to use from day to day, you might assume that nothing bad can come from that. But even if you don’t download anything specifically malicious or dangerous, some software can compromise your data without you knowing it. And if it’s open source, there’s a chance that it won’t be as secure against hacks as you’d like. Failing to keep the software updated can also lead to security issues.

Internal Risks

Like it or not, your business might one day be hit by an internal attack. That’s when an employee of your business attacks your company via the access to your internal network that their position grants them. When an employee is disgruntled about pay, missing out on a promotion or a petty argument in the office, they might retaliate with a cyber attack. It might sound outlandish, but it happens.

Ransomware Attacks

Ransomware is becoming an increasing threat to businesses of all sizes. You might have heard of ransomware and thought it only applied to large businesses, but that’s no longer the case. If ransomware ends up installed on your systems, it’ll spread through the network and lock you and your team out. The encryption key required to unlock it will only be provided if you pay a ransom to the scammers.

Phishing Scams

Phishing is one of the most common and long-standing threats that businesses face. It’s also an example of a different kind of internal threat. Most phishing scams will target employees of a business who don’t have a good understanding of cyber threats. They’ll then unwittingly give over login details to a scammer or download a malicious file. It’s one of the biggest cyber security challenges around for many businesses today.

Copyright Infringement

Finally, you should think about copyright and what you should do to protect your copyright moving forward. There’s a lot of people online who might use your images or digital IP for their own ends, and that’s something that you’ll probably want to monitor. When you have copyrights and trademarks, it makes sense that you’d want to enforce them.

As you can see, there are lots of threats that your business might face online, and you definitely can’t afford to overlook these. The threats are real, and the point of discussing them here today is to allow you to prepare for them and to have a strategy to avoid and combat them. Burying your head in the sand won’t change things.

PM Today Contributor
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