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3 Cybersecurity Threats Small Businesses Should Be Aware Of Right Now

by Greg Phillips

The 3 Cybersecurity Threats Small Businesses Should Be Watching Out For Right Now - My Tech Coach
Table of Contents show
1 What Hackers Are Exploiting Right Now and How to Stop Them
2 1. Stolen Logins: Hackers Walking In Through the Front Door
2.1 Warning signs to watch for
2.2 What to do
3 2. Firewalls, VPNs, and Remote Access Tools: Locked Gates with Old Locks
3.1 Common risks hiding in plain sight
3.2 What to do
4 3. Microsoft and Windows Updates: Security Repairs, Not Just New Features
4.1 Common problems in small businesses
4.2 What to do
5 The New Face of Ransomware: They Steal the Data First
6 The Bigger Picture: Attackers Look for Weak Spots, Not Company Size
7 A Small Business Cybersecurity Checklist
8 What to Do This Week
9 When to Get Professional Help
10 Frequently Asked Questions
11 The Bottom Line
11.1 You May Also Be Interested In...

What Hackers Are Exploiting Right Now and How to Stop Them

Cybersecurity news can sound technical and overwhelming. But here’s the real-world lesson buried beneath the jargon: hackers usually don’t need movie-style tricks to break into a business. They get in through a stolen password, an unpatched computer, a firewall nobody’s checked in two years, or an employee who clicked a convincing fake email.

If you run a small business, this is about you. Not just big corporations.

Small businesses often have fewer protections in place, which makes them attractive targets — not because they’re high-profile, but because they’re easy. Three threats stand out right now as especially important to understand: stolen login credentials, unpatched remote access tools, and modern ransomware that steals your data before it locks your files.

Here’s what each one means in plain English, and what you can do about it.


1. Stolen Logins: Hackers Walking In Through the Front Door

A stolen login is like someone having a copy of your office key. They don’t need to hack anything if they can simply sign in as an employee, an owner, or an administrator.

Most small businesses use the same tools large companies do — Microsoft 365, Google Workspace, QuickBooks, payroll systems, cloud storage, remote access software, and online banking. If a single login is compromised, an attacker may be able to access email, invoices, customer records, files, and financial accounts. All at once.

Warning signs to watch for

  • Employees receive password reset emails they didn’t request
  • Customers or vendors report strange emails coming from your company
  • Emails disappear, or forwarding rules appear without explanation
  • Someone logs in from an unfamiliar city or country
  • Files are moved, renamed, or deleted without explanation

What to do

  • Turn on multi-factor authentication (MFA) for email, banking, payroll, and any admin accounts — this single step blocks the vast majority of credential-based attacks
  • Stop reusing passwords across accounts
  • Use a password manager
  • Remove old employee accounts the moment someone leaves
  • Review who has administrator access right now
  • Have someone monitor for unusual login activity

2. Firewalls, VPNs, and Remote Access Tools: Locked Gates with Old Locks

A VPN or firewall is supposed to act like a locked gate into your business network. But if that gate has an outdated lock, a weak password, or a known flaw that was never patched, attackers may be able to walk right through it.

Many small businesses added remote access during COVID and never fully reviewed it afterward. Some still have old VPN accounts sitting open, outdated firewall settings, or remote access tools that nobody is actively managing.

Common risks hiding in plain sight

  • Former employees still have remote access credentials
  • Remote desktop tools are directly exposed to the internet
  • Firewall firmware hasn’t been updated in months or years
  • VPN accounts don’t require multi-factor authentication
  • Nobody is reviewing who is logging in remotely or when

What to do

  • Ask whether your firewall and VPN are fully up to date
  • Require MFA for all remote access
  • Disable old or unused accounts immediately
  • Limit remote access to only the people who genuinely need it
  • Review firewall and VPN logs regularly
  • Replace outdated equipment when it can no longer receive security updates

3. Microsoft and Windows Updates: Security Repairs, Not Just New Features

Many cyberattacks take advantage of known software flaws that already have patches available. Skipping updates is like knowing your back door lock is broken and deciding to fix it next month.

Most small businesses rely heavily on Windows computers, Microsoft 365, Outlook, Teams, OneDrive, and similar tools. If those systems aren’t patched, attackers can exploit weaknesses that Microsoft itself has already published information about — which means attackers know exactly where to look.

Common problems in small businesses

  • Employees delay updates because they’re inconvenient
  • Older computers still in use can no longer receive updates
  • Nobody verifies whether updates actually installed
  • Servers or business-critical software aren’t being patched consistently
  • Security software is installed but not actively monitored

What to do

  • Turn on automatic updates where appropriate
  • Create a monthly patching routine
  • Replace computers and software that no longer receive security support
  • Confirm updates are actually completing, not just downloading
  • Use endpoint protection that is actively monitored — not just installed and forgotten
  • Have a professional review your most business-critical systems at least once a year

The New Face of Ransomware: They Steal the Data First

Years ago, ransomware mostly meant hackers locked your files and demanded money to unlock them. Today, many attackers steal sensitive information before encrypting anything. Then they threaten to release it, sell it, or use it to pressure the business into paying even if backups exist.

Even a small business stores information that’s valuable to attackers: customer records, employee data, tax documents, invoices, contracts, and financial details. A data-extortion attack can result in lost customer trust, legal expenses, notification costs, regulatory issues, and lasting reputation damage — far beyond the initial ransom demand.

The best defenses against ransomware remain the basics: secure and tested backups, limited access to sensitive data, multi-factor authentication, employee training to recognize phishing emails, and a written plan for what to do if something goes wrong.


The Bigger Picture: Attackers Look for Weak Spots, Not Company Size

Small businesses often assume they’re too small to be worth targeting. That assumption is dangerous.

Many attacks are automated. They scan the internet looking for weak passwords, outdated systems, exposed remote access tools, and known vulnerabilities. The question isn’t “Why would anyone target us?” The better question is: “Are we making ourselves easy to break into?”


A Small Business Cybersecurity Checklist

Use this as a quick review. If you’re unsure about any of these, that’s worth your attention.

  • Multi-factor authentication is turned on for email
  • Multi-factor authentication is turned on for banking and payroll
  • All computers are receiving security updates
  • The firewall is up to date
  • Old employee accounts have been removed
  • Backups are running automatically
  • Backups have been tested recently and confirmed to be restorable
  • Antivirus or endpoint protection is being actively monitored
  • Employees are trained to recognize suspicious emails
  • Remote access is limited and protected by MFA
  • A written incident response plan exists
  • You know who to call if something goes wrong

What to Do This Week

These aren’t long-term projects. You can start today:

  1. Turn on MFA for all email accounts — this is the single highest-impact action most small businesses can take
  2. Review who has admin access and remove anyone who shouldn’t
  3. Confirm all computers and servers are updated
  4. Check whether backups are working and actually restorable
  5. Ask an IT professional to review your firewall, VPN, and remote access setup
  6. Train employees to pause before clicking links or opening attachments
  7. Create a simple emergency contact plan so your team knows what to do and who to call in a crisis

When to Get Professional Help

You don’t need to become a cybersecurity expert. But someone needs to be responsible for protecting your systems.

Consider reaching out to an IT professional if:

  • You’re not sure whether MFA is turned on
  • You don’t know if backups are working
  • You have older computers or servers that may be out of support
  • Employees work remotely
  • You handle customer, patient, financial, or legal information
  • You have no written cybersecurity plan
  • You’re unsure who would respond if a breach occurred

A cybersecurity review can identify your weak spots before attackers do. For most small businesses, the most valuable first step is simply understanding what’s exposed, what’s outdated, and what needs to be fixed first.


Frequently Asked Questions

Are small businesses really targets for cyberattacks?
Yes. Small businesses are frequently targeted because attackers assume they have weaker security, fewer IT resources, and less formal monitoring. Smaller doesn’t mean safer.
What’s the single most important cybersecurity step for a small business?
Turning on multi-factor authentication — especially for email, banking, payroll, and administrator accounts — is one of the highest-impact steps you can take immediately.
Is antivirus software enough to protect my business?
No. Antivirus is one useful layer, but businesses also need regular updates, secure backups, strong passwords, employee awareness training, and active monitoring.
Why are backups so important?
Backups can help a business recover after ransomware, accidental deletion, hardware failure, or other data loss. But they need to be tested regularly — a backup you’ve never restored is a backup you can’t count on.
How often should a small business review its cybersecurity?
At minimum, quarterly. Businesses with remote employees, sensitive data, or compliance requirements may need more frequent attention.

The Bottom Line

Cybersecurity doesn’t have to be overwhelming. For most small businesses, the goal isn’t perfection — it’s closing the most obvious doors before criminals find them. Stronger passwords, multi-factor authentication, regular software updates, secure backups, and professional oversight can dramatically reduce your risk of a costly attack.

The businesses that stay safest aren’t necessarily the ones with the biggest budgets. They’re the ones that take the basics seriously and review them before something goes wrong.

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Greg Phillips
Greg Phillips
Head Geek at MyTech Coach
Greg is an IT consultant and founder of MyTech Coach, a managed IT Service Provider focused on supporting small businesses. As President and chief consultant, he has over 25 years of professional IT and cybersecurity experience.

Greg has been put through the test from eccentric people in the sticks of Vermont; to small business owners with funky old PCs; to large college campuses such as Dartmouth where he worked in IT for over five years.

Greg has a Masters Degree in IT Business Management, as well as being Apple and Microsoft MCP certified.
Greg Phillips
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