Small Businesses Remain Vulnerable, With Rising Cyberattacks

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CySecurity News – Latest Information Security and Hacking Incidents

Small businesses are three times more likely than big corporations to fall prey to scammers in 2021. A single cyberattack’s average loss has risen from $34,000 to just about $200,000. These businesses have had to deal with legal bills, compliance penalties, reputational harm, and client loss in addition to cash losses. Many small enterprises are unable to recover from these setbacks.

Kaspersky Lab researchers tracked the amount of Trojan-PSW (Password Stealing Ware) detections in 2022: 4,003,323 versus 3,029,903, up nearly a quarter from the same period in 2021. Trojan-PSW is malware that collects passwords and other account information, allowing attackers to gain access to a company’s network and steal important information. Web malware has been particularly bad in Indonesia, the United States, Peru, and Egypt, with the number of incidents in these nations growing several times in the last year.

Several firms have adopted the Remote Desktop Protocol (RDP), a technology that allows computers on the same corporate network to be linked together and accessed remotely, even when employees are at home. However, because RDP is of particular interest to cybercriminals, if an attacker gains access to the corporate network through RDP, they can commit fraud on any of the company’s PCs that have been linked.