True Life Small Business Cybersecurity Horror Stories – Part 2
Many small business owners not only assume they are safe from hackers due to their size. Let’s continue exploring some true-to-life cybersecurity horror stories of small businesses that might convince you otherwise.
Go-Cart Racing Business Victimized by Phishing
Phishing scams can be very clever and can frighten business owners into giving out personal data under a false sense of urgency. Entrepreneur Rick Snow testified before Congress that he became such a victim, causing his Scarborough, Maine go-cart racing company to come up short on its payroll. As Fox Business reports, after receiving a fake email convincing him to update his banking passwords, Snow woke up one morning to find his business account completely drained—on a payday when his employees were expecting their checks. “We were supporting a number of families, many of which live paycheck-to-paycheck…” he said. “I was also very worried about our business’ reputation since a restaurant nearby had just bounced their paychecks and the company never recovered from the bad publicity they received…Phishing can happen to anyone, phishing attacks are meant to scare you and make you act without thinking.”