Sunday, August 14, 2022

Small businesses in Pakistan face the most serious cyber threats

Bullets from a machine gun can cause serious cyber threats, and anyone who runs a business without enough IT security could be a victim of these threats. There are no serious cyber threats that only affect one country. Cybercriminals often go after small businesses in particular.

One reason why cyberattacks on small businesses are getting more common is that these businesses don’t keep up with the latest cybersecurity rules and guidelines set by government agencies and security standards like GDPR, PCI DSS, and others.

In the area of cybersecurity, Pakistan and other developing countries are making progress. But it will take time to teach the general public about the risks of cyberspace.

Companies that depend on IT infrastructure need to be aware of serious cyber threats and have plans for how to deal with incidents in all areas, from manufacturing to administration to financial transactions to transportation. In Pakistan, there are thousands of small businesses that run on their own but make a big difference to the country’s economy.

We can also see that they use a number of mobile apps to make real-time payments for online purchases. Pakistan gets a lot of cyberattacks. But they can’t protect themselves because they don’t know enough about cyber threats and security rules.

If you can’t afford to improve your IT security. The best way to communicate is with a dedicated IP address or a reliable VPN. When you type “what is my IP?” For small businesses. You’ll get the IP address that your Internet service provider (ISP) gave you, which is frequently a shared IP address.

On the other hand, dedicated IPs and VPNs that you can trust give you a new IP address from the server location you choose from a list. By doing this, you can lower the chance of a cyberattack.

In this blog post, we’ll talk about:

There are a lot of cyber threats that can hurt small businesses.

Pakistan’s cyber police stations get hundreds of complaints every day. Because of international laws, it is hard to find them. Cybercrimes against small businesses owned by Pakistani citizens are still being looked into because the people who did them are from all over the world.

Here are the top five cyber threats that small businesses face today:

Phishing and cons

Cyberattacks on large or small businesses are often blamed on phishing, no matter how big or small the business is. Because hackers are so stupid and easy to trick, these kinds of attacks are happening more and more often.

Attackers know that people who run small businesses are always looking for ways to make more money. Cybercriminals take advantage of this kind of weakness by sending tempting offers via email or text message to try to get people to click on them. Most of the time, when hackers come up with a plan. Small business owners fall for it and answer the phone texts they receive.

If consumers follow fake websites’ instructions, their information is lost. If a hacker finds valuable information on a victim’s computer. They may steal it and ask for a lot of money to give it back. The Ponemon Institute says that Vishing and Spear phishing are the two types of phishing attacks on small businesses that happen most often.

The attacker pretends to work for a financial institution, like a bank or insurance company and asks the victim to click on a link to see more information. Hackers may pretend to be lottery managers to get their victims to answer the phone by telling them they’ve won a prize, etc.

The unintentional business owner knows that he could get into trouble if he ignores the warning letter or email.

So, he responds quickly when given links or other information. He answers without making sure that the text or email is real or giving more information about it. Fraudsters use this crucial moment to get into bank accounts and get personal information.

Ransomware attacks are on the rise

Ransomware is affecting more and more people. phishing and Ransomware attacks have also happened to businesses in Pakistan. Some people have told the police about it, while others have done something drastic like shutting down their systems for good so they don’t have to pay the hackers to get their data back. And if they can’t pay, they’ll have to start over with a whole new system.

Read more: In June 2022, Pakistan had a faster Internet than India

During a ransomware attack on K-electric in Pakistan in 2020, the hackers asked for $3,850,000 in exchange for the return of 8.5 GB of stolen data. Since the company wouldn’t pay, the hackers put the stolen information online.

A lot of other victims don’t tell anyone about the hacks because they don’t want to hurt their reputations. Or, they just do what the hacker tells them.

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