Protecting small businesses from social engineering attacks in the digital era
1 Department of Computer Science, Purdue University Fort Wayne, USA.
2 Econometrics and Quantitative Economics, Department of Agricultural and Applied Economics, University of Georgia. USA.
Review Article
World Journal of Advanced Research and Reviews, 2024, 24(03), 834–853
Publication history:
Received on 28 October 2024; revised on 04 December 2024; accepted on 07 December 2024
Abstract:
In the digital era, small businesses are increasingly targeted by social engineering attacks, which exploit human vulnerabilities to gain unauthorized access to sensitive information. Tactics such as phishing, baiting, and pretexting are particularly effective against smaller enterprises due to their limited resources and often inadequate cybersecurity measures. Phishing, for example, deceives employees into revealing credentials through fraudulent emails, while baiting entices victims with promises of rewards, and pretexting manipulates individuals into divulging critical data under false pretenses. These attacks not only compromise sensitive information but also lead to significant financial losses, reputational damage, and operational disruption. The role of IT security frameworks is critical in mitigating social engineering risks for small businesses. Frameworks like the National Institute of Standards and Technology (NIST) Cybersecurity Framework and ISO 27001 provide structured approaches to identifying, assessing, and managing security risks. However, the cost and complexity of implementing such frameworks can be prohibitive for small enterprises. To address these challenges, businesses can adopt cost-effective strategies such as employee training, multi-factor authentication (MFA), and endpoint protection tools. Regularly updating software, conducting simulated phishing exercises, and leveraging cloud-based security solutions further bolster defenses without significant financial burdens. By prioritizing cybersecurity awareness and leveraging affordable solutions, small businesses can enhance their resilience against social engineering attacks. This paper explores the vulnerabilities of small enterprises, evaluates the effectiveness of IT security frameworks, and outlines pragmatic strategies tailored to their unique constraints. Ensuring robust defenses against these pervasive threats is essential for safeguarding the digital future of small businesses.
Keywords:
Social Engineering; Phishing; IT Security Frameworks; Small Businesses; Cybersecurity Awareness; Cost-Effective Strategies
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0