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Phishing: What Small Businesses Need to Know


Posted 18th September 2024


Phishing: What Small Businesses Need to Know

We’ve all heard of phishing, but what does it really mean for small businesses in the UK? At LP Networks, we’ve seen just how damaging phishing can be for companies like yours. Unfortunately, small businesses are often prime targets for cybercriminals. The good news is, with a bit of know-how, you can protect your business.

So, What Exactly is Phishing?

Phishing is when a scammer pretends to be someone else, often a trusted company or colleague, to trick you into giving away sensitive information. This could be anything from passwords to bank details, or even access to your company’s network.

What makes phishing so dangerous today is how convincing these scams have become. The days of dodgy emails with terrible grammar are behind us. Now, phishing emails look incredibly genuine, making it harder for people to spot the difference between a real message and a fake one. And it’s not just emails you need to watch out for. There’s “smishing” (phishing via text), “vishing” (phishing via phone calls) too, and “quishing” (QR code phishing).

Why Are Small Businesses a Target?

A lot of small business owners think cybercriminals are only interested in big companies. Unfortunately, that’s not true. Small businesses are often seen as easy targets because they typically don’t have the same level of security as larger firms. Cybercriminals know this and are increasingly going after small businesses, knowing there’s often a higher chance of success.

Small businesses tend to have fewer staff and less time to dedicate to cybersecurity, which can make them more vulnerable. A single person in the business might be juggling multiple roles, and security might not always be top of the list. This is what makes phishing attacks so dangerous for smaller companies.

The Risks for Small UK Businesses

The impact of a phishing attack on a small business can be devastating. If an employee accidentally clicks on a phishing link or opens a dodgy attachment, it can lead to all kinds of problems—data breaches, financial losses, or worse, a damaged reputation.

Losing access to customer data or financial information can be a nightmare for any business, and for smaller businesses, the costs of fixing the problem can add up fast (not to mention the potential fines for breaking GDPR rules).

Plus, with more people working remotely and relying on digital communication, the risks have grown. Employees might be working from personal devices or using unsecured Wi-Fi, opening up new vulnerabilities. A single phishing email could quickly spread malware across your network, causing chaos.

How Can You Protect Your Business?

It’s not all doom and gloom, though. There are plenty of ways to protect your business from phishing attacks, starting with education. Teaching your staff to recognise phishing attempts is a great first step. If something looks suspicious, it probably is, so encourage your team to double-check before clicking on links or downloading attachments.

Strong security systems are also key. Spam filters and firewalls can help stop phishing emails before they even reach your inbox. And keeping your software up to date is another easy way to patch up known vulnerabilities.

At LP Networks, we’re here to help small businesses across the UK boost their defences against phishing and other cyber threats. Every business is different, so we’ll work with you to find the right solution for your specific needs, and if you do get caught out, we’ll help you recover quickly and limit the damage.

Stay One Step Ahead

Phishing attacks aren’t going away, and they’re only going to get more sophisticated. But by taking a proactive approach and staying alert, you can reduce your risk of falling victim. Regular staff training, security assessments, and staying up to date with the latest threats are all part of the process.

At the end of the day, no one wants to think they’ll be targeted, but it’s always better to be prepared. If you want to learn more about how LP Networks can help keep your business safe, get in touch. We’re passionate about helping small UK businesses stay secure so you can focus on running your company without worry.

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