Integrid LLC Blog

"I don’t need to worry about cybersecurity… my business is too small to be in the crosshairs of hackers."

This is one of the most dangerous mistakes a small business can make when it comes to cybersecurity. If you think this way, it shows you might not understand how modern cyberthreats work. Let’s break it down and show you why this mindset can be risky.

Problems with cybersecurity can really sink your business. Unfortunately, more opportunists are out there today looking to profit off of business’ lack of vigilance. One example of this are large-scale scam operations that have been running in Southeast Asia, and they are now spreading to other parts of the world. These scams, called "pig butchering" scams, have caused major harm, with around $75 billion lost worldwide in 2023.

Sextortion scams are far from glamorous. These attacks involve a scammer claiming to have compromising photos or videos of their target engaged in explicit activities—often suggesting this footage was captured through their online behavior. The scammer then threatens to release this material unless a ransom is paid.

It was recently disclosed that Slim CD, a payment gateway, suffered a data breach that exposed many, many credit card accounts (nearly 1.7 million) from August 17th, 2023, until June 15th, 2024.

Let’s discuss the situation and how it provides a lesson for your business to take seriously.