How Small Businesses Can Protect Themselves Against Online Scams
Channel: GoDaddy
Date: 2020-11-23

Kryistyna Hook, Regional Director at BBB, warns small business owners about cyber attacks and steps they can take to protect their finances. Brought to you by GoDaddy.

0:41 What are common cyber attacks on small businesses? 
1:16 How small businesses can protect themselves from online scams 
1:37 How to tell if an email is a phishing email

With many small businesses low on funds during the pandemic, it’s never been more important to stay aware of the latest online scams to protect what you’ve worked so hard to build. Scammers have a few tricks up their sleeves to try to take advantage of vulnerable small business owners during COVID-19. From emails to phone calls from unknown people, some of the top business scams out there include attempting to phish for data, hack into devices, and steal funds through various methods. Kryistyna Hook with the Better Business Bureau reminds small business owners to take a stand to protect their business through several precautionary measures, including checking BBB.org to discover if any scams have been reported against the claimed business. As we approach the holiday season and continue to face the pandemic, small business owners must stay updated on current online scams and holiday scams to protect the longevity of their business.

References:

43% of cyber-attacks target small businesses.
https://www.fundera.com/resources/small-business-cyber-security-statistics#:~:text=Cyber Security Statistics-,43% of cyber attacks target small businesses.,business cyber breaches last year

­60% of small businesses that are victims of a cyber-attack go out of business within six months.
https://www.fundera.com/resources/small-business-cyber-security-statistics#:~:text=Cyber Security Statistics-,43% of cyber attacks target small businesses.,business cyber breaches last year

­Malware attacks against businesses went up 13% in 2020.­
https://resources.malwarebytes.com/files/2020/02/2020_State-of-Malware-Report.pdf

Small businesses received 94% of detected malware by email.
https://www.fundera.com/resources/small-business-cyber-security-statistics#:~:text=Cyber Security Statistics-,43% of cyber attacks target small businesses.,business cyber breaches last year

Learn more about Better Business Bureau:
https://www.bbb.org 
https://www.facebook.com/todaywithbbb
https://www.youtube.com/c/betterbusinessbureauinc 
https://twitter.com/todaywithbbb 

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#GoDaddy #OpenWeStand #BBB #CyberAttacks #OnlineScams