SMBs Under Siege: Cybercriminals Targeting Small Businesses at Alarming Rates

June 27, 2024, 3:48 pm
Kaspersky Lab APAC
Kaspersky Lab APAC
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Location: Russia, Moscow
Employees: 1001-5000
Founded date: 1997
Cybercriminals are increasingly setting their sights on small and medium-sized businesses (SMBs), with a rise in malware attacks and phishing incidents threatening the sector's cybersecurity defenses. According to recent reports from Kaspersky and Blackberry, the number of new malware threats is skyrocketing, posing a significant risk to SMBs worldwide.

In the first quarter of 2024, Kaspersky reported a 5% increase in infections targeting SMBs compared to the same period last year. Trojans, the most prevalent form of attack, are on the rise, with attackers using sophisticated tactics to evade traditional security measures. Microsoft Excel has emerged as the top channel of attack, highlighting the vulnerability of widely-used software in the SMB sector.

Phishing remains a constant threat, with cybercriminals exploiting human error and poor cybersecurity awareness to gain access to sensitive information. Ismael Valenzuela from Blackberry's Threat Research and Intelligence warns that threat actors are becoming more proficient, targeting commercial enterprises with a 10% increase in new malware incidents.

As the global economic landscape faces challenges, protecting the SMB sector is crucial for sustaining growth and stability. With over 7,500 new malware threats created every day, SMBs must prioritize cybersecurity awareness and implement clear policies to safeguard their assets. The use of artificial intelligence by threat actors further complicates the cybersecurity landscape, making it essential for SMBs to stay vigilant and proactive in defending against cyber threats.

In a world where cybercriminals are constantly evolving their tactics, SMBs must recognize the importance of cybersecurity and take proactive measures to protect their businesses. By staying informed, implementing robust security measures, and fostering a culture of cybersecurity awareness, SMBs can mitigate the risks posed by cybercriminals and safeguard their operations for the future.