How can SMBs combat AI-driven cyberthreats

Ransomware groups are also experimenting with more aggressive pressure tactics. Beyond stealing and encrypting data, some attackers now threaten an organization’s partners, clients, or suppliers to force payment.

In certain cases, cybercriminal groups have launched denial of service attacks during ransom negotiations. This adds further disruption and increases urgency. These multi-extortion strategies show just how adaptable and persistent ransomware actors have become.

At the same time, there is a noticeable shift toward attacks that focus primarily on stealing sensitive data rather than relying solely on encryption. Even if systems remain operational, the risk of a data leak can be enough to coerce victims into paying.

Why small and medium sized businesses are at risk

SMBs often have valuable data but fewer cybersecurity resources, making them appealing targets for ransomware actors.

Many SMBs rely on a single IT professional or an external provider who is responsible for everything from troubleshooting to security. Limited time, budgets, and staffing can make it difficult to keep up with fast-moving and increasingly complex threats.

What SMBs can do to protect their business

For SMBs, effective cybersecurity does not require a large budget or a dedicated security team. Focusing on a few high-impact actions can significantly reduce risk.

Strengthen system security

Keep operating systems, applications, and security tools up to date. Attackers target known gaps with available fixes. Set weekly update checks and patch quickly.

Use strong authentication everywhere

Turn on multi-factor authentication for email, remote access, cloud services, admin accounts, and payment portals. This blocks access after password theft and reduces account takeovers.

Protect payment activity with built in controls

Use Moneris fraud prevention tools such as address verification, CVV checks, and real-time transaction monitoring. These controls flag risky behaviour before payments are processed.

Back up critical data and test recovery

Automate daily backups for business and payment related systems. Store copies offline or in protected storage. Test restores monthly to confirm recovery works under pressure.

Train staff to spot fraud and phishing

Run short monthly training focused on real examples. Teach staff to flag urgent payment requests, fake login emails, and invoice diversion attempts. Clear reporting speeds response.

Limit access and review rights often

Give staff access only to systems needed for their role. Review permissions quarterly. Remove access for former staff immediately. Fewer entry points reduce spread after a breach.

Monitor for unusual activity

Review transaction alerts and reports each week. Watch for changes in volume, location, or refund patterns. Early detection limits damage and downtime.

Prepare for incidents before they happen

Create a one-page response plan. List contacts for Moneris support, your IT provider, insurers, and police. Define the first steps to isolate systems and protect data.

Looking ahead

AI-driven attacks are getting faster and more precise. While the threat is significant, small and medium-sized businesses that invest in practical cybersecurity measures and employee awareness will be far better positioned to protect themselves.

Treat cybersecurity as operational hygiene, the same as safety and finance. This protects revenue, trust, and growth.

Protect your payments and lower fraud risk today. Visit Moneris fraud prevention tools to get started.