The internet has changed the business world as we know it. While most businesses will profit from being online, a lot of them still aren’t aware of the risk cyber threats pose.
According to a recent IBM report, the average cost of a cyber attack in 2020 was as high as $3.4 million. Moreover, it can take businesses up to 200 days to recover from that attack. The average cost of ransomware has also increased in 2020 to $200,000 compared to $5,000 in 2018.
So, why are small businesses prone to cyber-attacks? Here are four mistakes that they are probably making:
It can be tempting to think only Fortune 500 companies or Multinational Corporations are prone to data breaches. While these large enterprises make headlines, mid-sized and small businesses are also impacted significantly. These businesses are at a higher risk since their information is easier to access, and they don’t have the resources to track the malicious parties. Here are reasons why you should invest in network security for your small business:
According to a recent study, 43% of all reported cyberattack cases target small businesses. This is a startling statistic, considering that most small businesses do not have the proper security measures to prevent such attacks. To make matters worse, many of these businesses don’t even have insurance to cover the damages caused by these attacks. So, what can small businesses do to prevent themselves from becoming victims of cyberattacks?
Small businesses are the backbone of the American economy. They make up 99.7% of all businesses in the country and employ just over half of the private sector workforce. So, it’s no surprise that cybercriminals are increasingly targeting these organizations with ransomware and other malware attacks. Luckily, a firewall can be a small business’s best line of defense against these threats.
As a small business owner, you know that protecting your data is essential. Unfortunately, hackers are always looking for vulnerable businesses to exploit, and if your data falls into the wrong hands, it could be disastrous. In today’s piece, we’ll discuss some tips on making your small business network secure. By following these tips, you can rest assured that your data is safe and protected from hackers!
Almost every business is using a distributed workforce these days. And it makes sense— a distributed workforce lowers operation costs, increases employees’ flexibility and improves their experience. But with this increased flexibility comes an increased risk of cyberattacks. Business owners need to be aware of the dangers and take steps to protect their workers and their business. In this article, we’ll discuss some of the ways you can protect your distributed workforce from cyber threats.
No matter how small your business or how much revenue it’s generating, do not assume hackers are not interested in your assets. From valuable data to the personal information of your clients and employees, there is a lot of money to be made by breaching a small business.
By strengthening your cyber security efforts, you can effectively protect these assets from even the 4 most common cyber security threats facing small businesses.
If you’re a small business owner, you are no stranger to the headlines about how cybersecurity threats are on the rise, and how businesses are extremely vulnerable to such tactics. However, if you look below the headlines, you’ll see that in most cases, the ‘victims’ of cyber attacks are most often huge companies that stand to lose millions from these occurrences.
The technological advances of the past years have made it incredibly easy for consumers to do almost everything online, from shopping to watching movies or learning. As such, a lot of businesses have moved their operations online. With that, a new risk emerged – ransomware.
In this article, we will explain what ransomware is and why you need protection against it.
The rapid technological advances have made it possible for companies to become more efficient and more productive. But, as more data is stored and processed, cyber security threats increase as well. In fact, one study found that about 90% of data breaches occur because of human error.
In addition to investing in malware, firewalls, and other cybersecurity protocols, it’s also essential to train your employees and make them cybersmart.