With reports of cyberattacks, data breaches and hacking attempts making the news more often, cybersecurity is becoming a more and more common issue for small business owners. With businesses of all sizes now collecting more data on their customers than ever before, the risk of cybercrime is a real one for any business no matter how small or large, and regardless of the industry that it is in. Whether you are already running a small business or are considering starting your own company, here are some of the main things that all small business owners need to know on this topic.
It can be all too easy to assume that cyberattacks only happen to the bigger companies – after all, these are the ones that tend to make the news more often. However, the truth is that larger companies are often the ones with the least risk since they can usually afford to put stringent security measures in place to protect their networks. On the other hand, small businesses are the most attractive target for hackers since they do not have these expensive security barriers in place, along with the fact that many small business owners fail to realize that cybersecurity is a priority. It’s all too easy for hackers to take over a customer’s account and commit fraud, which costs the business money. Thankfully, there are solutions out there, such as CIAM, which help organizations manage digital identities.
When it comes to protecting your small business from hackers and cybercrime, antivirus software and a firewall can be helpful but it might not always be enough. This is especially true if you have small business employees who are working from home, where the security measures in place may be more relaxed compared to in the office. Since hiring an in-house team of IT and security experts is not within the budget for the majority of small businesses today, outsourcing to a managed IT support services business is usually the best course of action.
Regardless of what product or service your business offers or the number of customers you have, chances are that you will need to collect some data on your customers in order to provide them with the product or service. From online orders to social media accounts, businesses of every size today are constantly collecting data on their customers. Since data is usually the main target in hacking attacks and one of the main reasons that businesses are targeted by cybercriminals, limiting the amount of data that you collect and store on your customers to only that which is absolutely necessary will reduce your risk.
Humans are often the weakest link when it comes to cybersecurity, and small errors and mistakes could end up costing your business a lot. The truth is that most people are not very well-educated on cybersecurity and don’t realize that some of the things that they are doing might be increasing your company’s risk of an attack, like clicking on links in emails and connecting to public Wi-Fi. Providing ongoing education to your employees reduces the risk of human error and keeps everybody up to date.
Small businesses are often at the biggest risk of cybercrime, so it’s important to make sure that you have the right protective measures in place for your company.
Read more: Cybersecurity – A Complete Guide 2022