There are so many different cyber threats today that many businesses are investing serious financial resources into building better protections for their company and their clients. But keep in mind, digital security is not just a must for enterprise markets. Small and medium-sized businesses and organizations are equally at risk. In fact, more than half of all businesses (regardless of size) have been the victim of cyber attack. Here’s why that’s important for everyone, not just the large organizations of the world.
Small Businesses Don’t Have the Resources to Invest in Complex Security Systems
Simple lack of preparedness is a real and pressing problem for smaller companies who don’t have the time or money to spend on digital security. The majority of businesses don’t have dedicated staff or a vendor monitoring of cyber attacks or breaches. Those that do don’t even necessarily have a plan in place to help deal with such attacks. Both employee data and customer data are critically important for businesses to protect. As privacy becomes a greater political device around the world, regulations on how businesses should handle customer data, in particular, are changing the playing field for small businesses around the globe.
Small Businesses Often Don’t Know When They’ve Been Compromised
Small businesses are focused on doing what they do best, serving their customers and their market with great services or products. Cybersecurity is rarely taken into consideration, until the worst happens. But in many cases, organizations might not even realize they’ve been breached. Cybercriminals can steal data, corporate intelligence, customer information, and more without business owners needing to be aware of the theft at all. Without the right software or management of a strategic security plan, businesses can be left oblivious until it’s much too late to do anything about the problem or even learn from it really. That lack of knowledge can be dangerous because, without the protection of a strong security program or partner, you never know when you’ll be next.
Small Businesses Often Don’t Know When They’ve Been Compromised
News stories about large corporate entities apologizing for the loss of customer data or corporate secrets regularly make the rounds in the media. But with those scandals often comes a downturn in stock prices, followed by quiet recovery. But rarely is an entire organization brought down by a single hack. Not true in the case of smaller businesses. If a startup is hit by a crippling security breach, they can lose the faith of their small but growing customer base, investors, and even employees. The bottom line is that if you are a business looking to grow, make sure that digital security is part of your strategy. Because resiliency comes with growth and age, but for smaller businesses, digital security can make or break the business.
Sleep Better at Night
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