Small and medium businesses (SMBs) are the most targeted for spoofing attacks. In 2016, a paper by Urgent Technology revealed that 14 million SMBs experienced a cyber breach. In 2018, a Verizon Data Breach Report estimated that small businesses make up 58 percent of cyber-attacks.
What these facts tell us is that SMBs are not exempt from the malicious activities of hackers. Just because you operate a small business doesn’t mean cybercriminals won’t target your business. In fact, these data reports indicate that hackers are becoming more interested in attacking SMBs.
A study by the Center of Applied Internet Data Analysis (CAIDA) showed that there were almost 30,000 spoofing attacks each day and a total of 21 million attacks on about 6.3 million unique internet protocol addresses between March 1, 2015 and Feb. 28, 2017 alone. That’s a staggering figure! Spoofing attacks can have catastrophic impacts on businesses and that’s why every organization must pay close attention to them.
Looking to stay on top of cybersecurity protection for your organization? Read on to learn how to prevent spoofing attacks on your SMB in 2021.
What’s a Spoofing Attack?
A spoofing attack is a type of cyber-attack where an attacker disguises like a legitimate user or device to infiltrate a network and cart away valuable credentials. Spoofing attacks are so dangerous and can cause huge losses of up to five or six figures for businesses. In one high-profile case, Leoni AG, one of the world’s largest manufacturers of wires and cables, lost about $44.6 million dollars to email spoofers in 2016.
To effectively eliminate spoofing attacks, it’s essential to learn about the three main types of spoofing attacks, understand how they work, and determine the best way to combat them.
Types of Spoofing Attacks
Attackers use various methods to spoof their way into an organization’s network systems. However, below are the three most common types of spoofing attacks and how you can identify them.
1. ARP Spoofing
Usually, communication happens from a computer to a wireless router on private networks. Since spoofing attacks are all about deception, the Address Resolution Protocol (ARP) spoofing method allows attackers to stay unnoticed on the network in their attempt to crack the network’s IP address.
If they’re able to successfully access the IP address, they take over control and begin to act like both the computer and router. They intercept, modify, and even stop the communication to and from your computer and the router. It’s difficult to detect their malicious activity if your organization doesn’t use the ARP spoofing detection software.
Once inside your system, spoofing attackers can overburden or shut it down through a series of denial-of-service (DoS) attacks that can suspend your entire operations and even crash your business.
A major way to stop this from happening is to consistently evaluate your website’s stats for any sudden increase in traffic. In addition, watching out for several “service unavailable” messages can help you predict possible DoS attacks.
2. DNS Spoofing
The Domain Name System(DNS) server is a database made up of public IP addresses and corresponding hostnames. In DNS spoofing, attackers jumble up the list of public IP addresses. When DNS spoofing occurs, attackers redirected your search request on the right URL to a spoofed domain.
You can identify and prevent a DNS spoofing attack by using a tool like dnstraceroute.
3. IP Spoofing
An IP spoofing attack is when attackers impersonate an IP address pretending to be different users. During IP spoofing attacks, spoofers send multiple packets from counterfeit source addresses to devices within a network. These multiple operate just like DoS attacks and overwhelm the system till it crashes.
IP spoofing attacks can be detected using a network analyzer or bandwidth monitoring tool.
How to Protect Your SMB Against Spoofing Attacks
The type of spoofing attacks your business receives will determine the best way to protect your business against them. Some spoofing attacks are more difficult to detect than some others, so the methods of protection vary from attack to attack.
To neutralize the risk of a spoofing attack, it’s essential to ensure that you have a custom-built security policy in place. Many SMBs don’t have policies tailored according to their unique cybersecurity challenges in place to help strengthen their cybersecurity architecture and this makes them vulnerable to attacks.
According to the Ponemon 2019 State of Cybersecurity for SMBs Report, “while roughly 2/3 of the world’s SMBs are now experiencing cyber-attacks, 45% still feel that their cybersecurity posture is “ineffective.” 39% still do not have an incident response plan in place.”
Cybersecurity awareness is also lacking in some small and medium businesses. There should be continuous training for all employees to understand how to detect spoofing attacks and the important red flags they need to look out for. Far too many businesses have suffered needlessly due to inadvertent employee mistakes.
It’s often difficult for SMBs to have the best protection for their cybersecurity architecture. Asides from the huge cost that comes with using the best cybersecurity tools to ensure strong defense networks and compliance with the relevant regulatory bodies, SMBs usually lack the required expertise to create robust cybersecurity strategies.
This is where NWTechnologies comes in. We’re a leading cybersecurity technology company providing unique cybersecurity services specifically to SMBs in the legal, finance, medical, and marketing industries. We will analyze your business to have an in-depth understanding of your networks and their associated risks. We will create cybersecurity policies for you and help you to implement them accordingly to secure you from malicious actors.
Our team of experts will work together with you to ensure that you enjoy the most effective cybersecurity protection your business needs. Our wide range of services include:
- Data protection
- Penetration testing
- Cybersecurity audit
- Cybersecurity training
- Annual risk assessment
- Cybersecurity compliance
- Managed service provision
- Policy formulation and implementation
Our on-demand all-in-one cybersecurity tools will give your business the edge it needs to stay above hackers so that you’re always two steps ahead of them. Contact us today to book a consultation session that will protect your business against attacks.