Here’s a serious topic we can’t ignore: Malware security risks.

Malware security risks

Unfortunately, the situation isn’t good. These alarming cyber dangers are targeting small and medium-sized businesses (SMBs) with increased intensity. As a result, it’s crucial to understand how you can safeguard your business

Urgent Alert: Escalating Malware Security Risks Targeting SMBs – Stay Informed with Latest News Updates

In a recent revelation by Honeywell’s GARD (Global Analysis, Research, and Defense) team, it’s unveiled that the frequency of malware security risks is surging. In relation to the total files scanned, the detection and blockage of malware, saw a remarkable uptick of about 33 percent compared to the previous year.

Subsequently, this staggering increase amounts to a whopping 700 percent rise year-over-year. Thus, the escalating trend of malware security risks underscores the urgent need for robust security measures to safeguard against these persistent threats.

In 2024, malware security risk emerges as the most rapidly proliferating threat, impacting 41% of enterprises within the last year, closely trailed by phishing and ransomware incidents.

First things first, what exactly is malware?

Understanding Malware: The Digital Threat Lurking Behind Malware Security Risks

Consider it akin to the digital counterpart of illness-causing germs. Malware, an abbreviated form of malicious software, resembles the flu virus in the cyber realm. Just as the flu virus infiltrates your body, malware security risk infiltrates your computer systems or network. And much like the flu virus wreaks havoc on your health, malware disrupts your digital operations in various harmful ways.

So, what kinds of malware are we talking about here?

Based on a recent study, a few major troublemakers loom large in the realm of malware security risks.

Among them are information-stealing malware, ransomware, and business email compromise (BEC). These nefarious entities pose substantial dangers to the integrity and security of digital infrastructure, warranting heightened vigilance and robust protective measures.

You might be wondering why you should care about malware security risks. Let me set the scene. You’re running your business smoothly, minding your own business, when BAM! A malware attack hits.

Suddenly, your files are encrypted, your systems are locked down, and you’re being held hostage for ransom.

Sounds like a nightmare, right?

That’s the reality for many SMBs facing malware attacks. It’s not just about losing money – it’s about the potential damage to your reputation, your operations, and your customers’ trust.

But there are plenty of ways to fight back against malware and keep your business safe and sound.

Arming Your Business: Strategies to Combat Malware Security Risks

Educate your team

Teach your employees to spot phishing emails (an email pretending to be from someone you trust), suspicious links, and other sneaky tactics used by cyber criminals. A little awareness goes a long way. Human error is your biggest security risk—combat it with cybersecurity awareness training.

Armor up your devices

Make sure all your computers and devices are equipped with the best software to prevent attacks.

Back up, back up, back up

Regularly back up your data to secure offsite locations. That way, if you are attacked, you’ll have a backup plan (literally) to restore your files. Then, use managed backup solutions for small business.

Fortify your network

Improve your network security with firewalls, encryption, and other powerful weapons. We can help with all of that.

Stay skeptical

Be cautious of suspicious emails or requests for sensitive information. When in doubt, double-check the sender’s identity and never click on risky links or attachments.

Have a plan against malware security risks

Prepare an incident response plan for dealing with malware attacks. Think of it as your emergency playbook, complete with steps for containing the threat, recovering your data, and reporting the incident. Cybersecurity services are essential to maintain a resilient and secure digital organization.

That’s a lot to take in, but remember, knowledge is power. These are all things we help our clients with, so they don’t have to worry about it. Elevate and secure your Business this 2024 with the Right IT and Managed Service Provider. If we can help you too, get in touch.