You can never be too sure when it comes to online safety, and if you don’t take the necessary steps to protect your company from malicious online threats, you can find yourself, as well as your customers, in a world of trouble. There many common cybersecurity vulnerabilities. Businesses can lose up to 1.33 billion dollars annually because of cyber-crimes, which can easily disrupt your company’s spending plans. Your company needs to be ready to take on these attacks, but in order to do that, you have to take a step back and see if you’re currently at risk.

So, how do you determine if your company is vulnerable to cyber attacks? We at Kirkham.IT have written this blog to help you recognize some risky behaviors that could be putting your company at risk. Here are some of the most common cybersecurity vulnerabilities.

Common Vulnerabilities in Cybersecurity

Out of Date Malware Protection

The first cyber security vulnerability is out of date malware protection. When software is no longer supported by regular updates, it is considered outdated. This out-of-date software is not being maintained. Because of this, it is unable to interface with new programs or run properly on new devices. After that, there are risks to consider. When vulnerabilities are discovered in outdated software, the software might become a target for far more sophisticated cyber-attacks. This creates a variety of security concerns, both as a result of malicious human behavior and as a result of the possibility of system failure.

Outdated anti-virus software is a sure way to invite unwanted malware and viruses into your network. Cybercriminals are constantly creating new viruses and ways to infiltrate your firewalls, so it’s important for cybersecurity companies to update the software so that it can effectively fight off online threats.

Weak Passwords

The next source of IT vulnerabilities are weak passworrds. Take a look at the passwords that your team is using; are they strong enough to keep out strangers and other online cybercriminals? Having a weak password is essentially like leaving your front door unlocked. All it takes is one person who really wants to get in and you’re compromised. It may be hard to believe, but even some of the largest companies in the world stick to the traditional “12345” password. If it’s not safe for a home computer, why would it be safe when it comes to professional systems that safeguard customer, employee, and client’s personal information?

Strong passwords go a long way when it comes to cyber security, and lazy password creation is detrimental to a business’s online safety.

Believing You are “Too Small” to Target

Cybersecurity companies see attacks happening to every type of business, no matter how small. Thinking that you’re invulnerable to cyber-attacks simply because you are not a nationwide franchise is dangerous; apathy is one of the most dangerous things facing companies today, and cybersecurity companies know this. Your business should always be prepared to avoid a catastrophe. 

According to the 2021 Data Breach Investigations Report, small businesses accounted for 43 percent of all breach victims. Then according to Cisco’s 2018 Cybersecurity Report, 53 percent of mid-market companies in 26 countries experienced a data breach. Small and medium-sized businesses are frequently forced to close their doors after a single security breach. This is due to the fact that 54 percent of all cyber-attacks result in financial losses of greater than $500,000.

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Key Takeaways – Common Cybersecurity Vulnerabilities

These are just some ways to tell if your company is at risk of a destructive cyber-attack, but the list goes on. If you’re unsure about your company’s safety, consider looking into cybersecurity companies like Kirkham.IT to help protect your network security. We’re prepared to safeguard your company’s most important assets. Contact us today!

Download our Infographic on How to Know if Your Company is Vulnerable to Attacks Here!