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The Top Cybersecurity Threats Facing Small and Medium-Sized Businesses in Kansas City and How to Protect Against Them

01/25/2023 06:10 PM By Vicente Agama

The Top Cybersecurity Threats Facing Small and Medium-Sized Businesses in Kansas City and How to Protect Against Them

As a business owner in Kansas City. It is crucial to understand the various cyber threats that can harm your business. These threats come in many forms, from ransomware and phishing scams to social engineering tactics.


They not only put your business and financial stability at risk, but also threaten the reputation of your business. Therefore it is essential to take necessary steps to protect your business from these cyber threats.

Let's start with a story

John's story, a small business owner in Kansas City, highlights the need for small businesses to be aware and proactive in protecting against cyber threats.


John owns a small retail store in the heart of Kansas City. He built his business from the ground up, and it has become a staple in the community. 


One day, John got a strange email from someone claiming to be from his bank. The email requested that he click on a link to update his account information. Without thinking, John clicked on the link and provided his login credentials.


When he next used his computer, it locked up and displayed a message demanding that he pay a ransom to regain access to his files. He fell victim to an attack known as ransomware, which forced him to pay thousands of dollars and spend valuable time retrieving his files.


John's story is all too common for small and medium-sized businesses in Kansas City. It shows the importance of understanding the cyber threats facing businesses today and knowing how to protect against them.


This blog aims to inform readers about the top cybersecurity threats that are facing businesses in Kansas City and provide tips on how to protect against them, so that you will not fall victim like John did.

Defending Small-Medium Businesses in Kansas City: Top Cybersecurity Threats

Ransomware Attacks


Ransomware is a type of malware that encrypts a victim's files, making them inaccessible. The attacker then demands a ransom payment in exchange for the decryption key.

These attacks can cause significant financial loss and disrupt business operations. It is important for businesses to take steps to protect themselves from these types of attacks, including regular data backups and software updates.

Phishing scams


Phishing scams are fraudulent attempts to obtain sensitive information such as passwords, credit card numbers, and personal information. They often come in the form of an email or message pretending to be from a legitimate source, like a bank or a government agency.

 

It is important to verify the sender's identity and be cautious of unsolicited emails, messages, or phone calls. If you are unsure about the authenticity of an email or message, it is best to delete it. If there is a genuine need for someone to contact you, they will find another way to do so.

 

It is also good practice to call the organization or sender to verify the authenticity of the request for information. Do not use the numbers provided. Do your own research into the company or government agency attempting to collect information from you.

 

Remember, never give out your information unless you are certain of the senders identity.

Social Engineering


Social engineering is a tactic used by attackers to manipulate individuals into divulging sensitive information. This can include tactics such as pretexting, baiting, and phishing.

 

it is important to have security awareness training for employees and regularly monitor for suspicious activity on the network.

Network breaches


A network breach occurs when an attacker gains unauthorized access to a network and steals sensitive information, disrupts business operations, or installs malware.

 

It is important to have firewalls and intrusion detection systems in place, segment the network, and regularly monitor for suspicious activity on the network.

Malware infections


Malware, including viruses, worms and Trojans, actively causes harm to computer systems, damaging a businesses operations and reputation.

 

These traditional techniques, despite being considered old, are still actively used by attackers today because of their proven effectiveness.

 

Businesses must take necessary steps to protect their systems from malware infection, including regular software updates and the use of anti-virus and anti-malware software.

Insider threats


Insider threats refer to security breaches caused by an employee, contractor, or other trusted individual who has authorized access to a company's network and information.

 

These threats can include accidental data leaks, intentional misuse of company data, or even sabotage. To protect against insider threats, businesses should implement strict access controls, such as role-based access control and least privilege access.

 

It is important to be aware of these threats and take steps to protect your business from them.

Common methods to protect against these attacks

Backing up data regularly


Regularly backing up important data is crucial in protecting against ransomware attacks. By having a backup, in case your files are encrypted during an attack, you can easily restore them and minimize the impact of the attack on your business operations.

 

Be sure to keep multiple copies of your backups, both on-site and off-site. It is also important to test your backups to ensure they work and that they are not compromised.

Keeping software and systems up to date


Keeping your software and systems up to date is crucial in protecting against ransomware attacks. Many ransomware attacks exploit vulnerabilities in older software versions, so it is important to ensure that all of your software and systems are up-to-date with the latest security patches.

Using anti-virus and anti-malware software


Anti-virus and anti-malware software can help to protect your systems against ransomware attacks. These types of software scan your system for malware and quarantine or remove any that are found.

Training employees to recognize and avoid phishing scams


As mentioned, phishing scams are often used as a means to compromise you or your employees. By training your employees to recognize and avoid phishing scams, you can reduce the chances of your company data being lost or you or your employees from being scammed.

 

It is important to remind them not to click on links or download attachments from unknown or suspicious sources.

Restricting access to sensitive data and systems


Limiting access to sensitive data and systems can also help to protect against cyber attacks. By restricting access to only those who need it, you can reduce the risk of a successful attack.

Using spam filters to block phishing emails 


You can be protected from falling victim to phishing scams by using spam filters to block phishing emails before they reach you or your employees inbox. This proactive approach can help mitigate the risk of a phishing attack.

Implementing multi-factor authentication 


Multi-factor authentication (MFA) adds an additional layer of security to your login process by requiring a second form of verification, such as a fingerprint or code sent to your phone. This makes it much more difficult for attackers to gain unauthorized access to your accounts.

 

By implementing these strategies, small and medium-sized businesses can reduce the risk of falling victim to cyber attacks and can protect their valuable data, time and money.

 

No single strategy is foolproof and a multi-layered approach is the best way to protect against cyber attacks. This means using a combination of different security measures, such as regular backups, software updates, anti-virus and anti-malware software, employee training, and access controls.

To bring things to a close

In this blog, we have highlighted the most common cybersecurity threats facing small and medium-sized businesses in Kansas City, including ransomware, phishing, social engineering, network breaches, malware, and insider threats.

 

I have also presented practical measures that can be taken to protect your business against these threats, such as regular data backups, software and system updates, anti-virus and anti-malware software, employee training, and access controls.

 

It is essential for small and medium-sized businesses in Kansas City to take cybersecurity seriously and implement robust measures to protect their operations. Cyber threats can have severe consequences on a business's data, finances and reputation.

 

By being aware of these threats and taking appropriate actions to mitigate them, businesses can reduce the risk of successful attacks and ensure the continuity and growth of their operations.


Vicente Agama