As a small business, one of the areas that is often overlooked is data security. Unlike large and Enterprise sized organizations, small businesses do not have in-house IT staffs to handle these needs. Some of the technical jargon seems like another language and rather than invest in help, this is an area that gets pushed to another time. But this is an important issue that could lead to the loss of data and loss of income.
Why data security should not be ignored
In this Entreprenuer piece, we are reminded that data security is not just for large businesses. It should be a top priority for all.
- Businesses large and small are potential victims of cyber crime. More than half of small businesses have been the victim of data breaches in the course of one year. And with more small businesses needing to conduct business remotely, the potential for this to occur is more likely.
- A potentially unwanted program, or PUP, can be the source of spyware or malware. If you or someone in your company inadvertently downloads one of these, it can be used by hackers to gain access to your data, reduce or bandwidth or worse, lock access to your files in a ransom attack.
- Small businesses have the most to lose. With the average cost of a cyberattack running about $200,000, for a small business that could mean the end of doing business. While a large corporation can absorb that, most small businesses can not.
- Massive data breaches have become more frequent. The number of businesses having to pay more than $50,000 to clean up data breaches has increased 32 percent in the last two years. Data breaches have other far-reaching implications. They can open up businesses to law suits if customer data is exposed. And data breaches erode customer confidence and result in lost sales such as the 40 percent drop in Target sales after the 2013 data breach.
Steps for data security for your small business
The most important takeaway for small business is to be proactive. The area of data security is not one in which to be complacent. You may not think that hackers would be interested in your files, but remember, your files likely contain customer records which must remain safe. Also, your network and passwords must remain secure as they are the gateways to other information.
Need help with securing your network and data?
If your small business is not yet up to date on all the latest security protections, we can help. We have experience setting up access for you and your remote staff, installing anti-virus, malware protection and more. And we are serious about security!
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