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Here’s a sobering statistic: 43% of all phishing attacks targeted small businesses, according to a 2015 report from Symantec*. Phishing, which involves the use of email to trick employees into revealing business-related information—such as the login and password that accesses the company’s network, is one of the most common ways that payment fraud happens. Still, it’s just one type of threat that small businesses face. Malware, ransomware and denial-of-service, which has the potential to shut down your website, can all threaten your ability to operate.

Key Takeaways

  • 43% of all phishing attacks targeted small businesses.
  • Phishing is one of the most common ways payment fraud happens.
  • Many business owners overlook the importance of security.
  • There are five steps companies can take to help protect themselves.

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