Story image

SMB blind spots revealed

22 Sep 10

Symantec says that small businesses can easily convince themselves that cybercriminals only go after the big guys.

The firm warns that the majority of cybercriminals throw their nets wide and take advantage of whatever victims they can land, which also means small businesses.

Detailed below are three “SMB blind spots” to look out for.

Steal all the money in your bank account: Banking Trojans
One of the most prevalent cyber attack toolkits called “Zeus” is widely used to steal bank account credentials. Most cybercriminals using Zeus just go after a victim’s banking login and password. This is the most lucrative crime and unfortunately the most lucrative victim is small business. Why? A small business generally has more money in its accounts than a consumer. However, unlike a consumer, the small business has fewer safeguards in place to guard its financial transactions.
Steal your intellectual property and customer information: Security Breach
When valuable data has been lost or stolen, the security industry calls this a breach. And, while hackers are responsible for most credit card information being stolen, SMBs must be very careful with how they handle and process customers’ as well as their own financial data. According to the recent APJ 2010 SMB Information Protection Survey, 76 percent of SMBs in APJ are somewhat/extremely concerned about the loss of crucial business information. This does not come as a surprise, considering 58 percent have actually lost confidential or proprietary electronic information in the past.
Drive your customers away: Brand Reputation
Small businesses are finding that social networking and other Web 2.0 solutions are an ideal way to find and keep customers. Unfortunately, it can go terribly wrong if a criminal hijacks the social networking accounts. Why? The criminals can use small business accounts to run scams, send spam and infect users with malware.
More information can be found on Symantec’s Security Response blog.

DigiCert conquers Google's distrust of Symantec certs
“This could have been an extremely disruptive event to online commerce," comments DigiCert CEO John Merrill. 
Protecting organisations against internal fraud
Most companies tend to take a basic approach that focuses on numbers and compliance, without much room for grey areas or negotiation.
Telesmart to deliver Cloud Calling for Microsoft Teams
The integration will allow Telesmart’s Cloud Calling for Microsoft Teams to natively enable external voice connectivity from within Teams collaborative workflow environment.
Jade Software & Ambit take chatbots to next level of AI
“Conversation Agents present a huge opportunity to increase customer and employee engagement in a cost-effective manner."
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.