Cybercrime has been on the rise in recent years. And it’s not a problem that looks like it’s going away anytime soon. After all, it is highly profitable for criminals; according to experts, cybercrime will result in $6.1 trillion losses in 2021 alone. 

However, while you can’t eliminate the threat of cybercrime, you can take steps to protect your business. By following some smart practices and working with an MSP that prioritizes data security, you can keep your sensitive data out of the hands of the criminals that could do you harm.

There are various types of cybercrimes. Two of the most common are phishing and spear phishing. In this blog, we’ll run through the differences between the two and outline how you can protect your business from both. 

The Difference Between Phishing and Spear Phishing

There are many similarities between phishing and spear phishing, but also some differences that you should be aware of. In simple terms, a phishing scam is non-targeted; criminals essentially set a net (such as a link that looks legitimate but which isn’t). Spear phishing is a targeted attack. That is to say; the criminals go after one specific person. 

Phishing scams typically use links that look like they’re linking to reputable companies. Spear phishing gets more personal; they may use your name or pretend to be someone that you know (such as a more senior member of the company).

What Businesses Can Do to Protect Themselves

Phishing scams can be sophisticated, especially spear phishing attacks. With the latter, the would-be criminal has usually conducted a lot of research and will use information that could make you believe that they’re legitimate. 

Some useful methods for combating these threats include:

Get Security Software

It’ll be much more difficult for cybercriminals to break into your systems if there’s a line of defence. Even if you or an employee does accidentally click a link, your security software will be there to thwart access. 

Keep Your Software Updated

Software companies are always releasing updates for their products, many of which have to do with security. While it can be tempting to click “remind me later,” remember that those updates are helping keep your business safe.

Strong Passwords

A simple password is easy to crack. A complex password will be more difficult. Make sure everyone’s using a mix of letters, numbers, and special characters and changing their passwords regularly.

Extra Protection 

Hiring an MSP for your business will ensure that your IT systems always have the latest, most advanced security measures in place.

Conclusion 

As we said at the beginning of the article, cybercrime, including phishing and spear phishing attacks, are unlikely to go away anytime soon. As such, it’s important for all companies to take a proactive stance when it comes to protecting themselves. 

By following the smart tips we’ve outlined above and working with a company that offers IT services in Boca Raton, you can ensure that you’re always staying one step ahead of cybercriminals.