Cybercrimes against businesses are on the rise, and this is an issue that needs to be addressed. The most common cyber-crimes are malware attacks, data breaches, ransomware attacks, phishing schemes, denial of service attacks, and social engineering schemes. This article will discuss 5 different cyber crimes against businesses everyone should know about so you can better protect your business from them.

How Much Do You Know About Cyber Crimes Against Business?

You need to understand the growing trend of cybercrimes against businesses. This is not just a matter of personal security it can affect how well your company runs and even its survival if this issue goes unchecked. Many different types of cybercrimes target companies nowadays, but here are five cybercrime against businesses everyone should know about and how to prevent them:

1. Incidents of employee impersonation.

Prevent this cybercrime against businesses by carefully screening your employees and existing contractors before hiring them to make sure they are who they say they are, not just on paper but in person too. You should also monitor their online behavior for any signs that something isn’t quite right because it could be a hoax perpetrated using social engineering techniques where hackers use personal information about an individual to fool others into thinking the hacker is the victim. You can prevent this type of scam with background checks or through checking references from previous employers, and more.

2. Loss of intellectual property.

Prevent this cybercrime against businesses by keeping your data offline with backup systems so it cannot be stolen or corrupted, and also keep security measures up-to-date to prevent hackers from getting access to sensitive information at all. You can protect yourself further with encryption software that will help you lock down most digital assets in case they are stolen or tampered with without leaving a trace behind. You need not only have an idea of what kind of information is valuable but know how it’s being used inside the company as well because there may be employees who are abusing their privileges for example, which could lead to loss of intellectual property if left unchecked long enough.

3. Denial of service attacks on web applications.

Prevent this cybercrime against businesses by first making sure that the company website and any other digital assets are properly secured with up-to-date security features, then conduct penetration testing to ascertain potential vulnerabilities so they can be fixed as soon as possible before hackers exploit them for their purposes. You need to also invest in a CDN (Content Delivery Network) which is more effective than using traditional server hosting because it uses geographically distributed servers all around the world optimized for high traffic websites so your customers won’t experience downtime even if there’s an attack on one of your applications or infrastructure components.

4. Fraudulent wire transfers.

Prevent this cybercrime against businesses by notifying your banks immediately if you notice any strange activity on your accounts because the faster they are notified, the easier it will be for them to freeze or block suspicious transactions before they can do too much damage. You need to also take time to find out which business services are critical and monitor those more closely so that you don’t fall victim to costly fraudulent transfer scams where hackers steal identities online then pose as authorized users of a bank account to transfer funds into their own pockets without leaving behind any evidence pointing towards them being responsible for these crimes in particular.

5. Sabotage of physical or digital infrastructure.

Prevent this cybercrime against businesses by having a comprehensive disaster recovery plan in place so you can quickly recover from any type of attack, whether it’s on your physical or digital infrastructure. You should also have a business continuity plan to keep your company running as smoothly as possible even if there is an interruption in service due to a cyberattack. In addition, make sure that all systems are patched and up-to-date so hackers won’t be able to take advantage of known vulnerabilities, and finally, use two-factor authentication for logging into critical accounts so that even if someone manages to steal your password they won’t be able to get into those accounts without also having access to something else like your phone.

    We hope you’ve enjoyed this article about cyber crimes against businesses. The key takeaway is that business owners should educate themselves on these five types of cybercrimes so they can protect their companies from them. If you want more information, or need help implementing any of these tips, give us a call.

Are You Looking For A Computer Security Service You Can Finally Trust?

Managed Technology Solutions, also known as ManagedTEK – IT Security Services & Monitoring, is a managed service provider that provides IT support and security solutions for businesses throughout the greater San Francisco Bay Area. ManagedTEK was founded on an urgency to empower and protect our community from the digital war on personal security and privacy. We focus and specialize in protecting businesses from falling victim to increasingly complex cyber threats. We use cutting-edge technology along with proven cybersecurity practices to provide support and protection for small businesses. Contact us today for your free consultation!