Protect Your Business Against These Security Threats
Cyber attacks and security threats are even more rampant these days, especially since so many businesses have gone digital. Businesses, no matter the size, are responsible for protecting their data including sensitive customer information from security breaches from their system. As a small business owner, learning about these types of security threats will allow you to identify ways for you to protect your business. Through understanding how these security threats work, you can design risk mitigation and the right security protocols to ensure that they don’t happen in the first place.
Here are some of the top security threats that you should protect your small business against.
Researchers demonstrate that approximately 50 percent of startups and small businesses suffer from a cyber attack annually. Over 60 percent of these vulnerable organizations close down their business within the next half a year. These figures demonstrate that doing the bare minimum for cybersecurity measures is no longer a good idea. For this reason, businesses should be ready to invest in technology and personnel that can reinforce their security measures.
A lot of business owners are currently under the assumption that they could not possibly be targets such threats. Owing to this, numerous businesses have a tendency to disregard or misunderstand certain forms of threats. Targeted cyber attacks, or those attacks on business data that are conducted by bored teens or global organized crime groups, are external risks that can take out data over an extended span of time. For example, phishing attacks which are sophisticated threats that can result in a loss of business. Businesses need create measures that would offer their system an improved security against these cyber attacks.
Data breaches including calculated leaks from disgruntled employees to errors like misplaced laptops are internal risks due to the fact the threat arises from within the company. Businesses need to execute policies that will make their employees understand the correct data security protocol to avoid these types of breaches from occurring. Although it is important to fortify internal systems and workforce, experienced security services can also definitely help mitigate risks.
A recent study found that a notable percentage of verified data breaches entailed taking advantage of weak, stolen, or default passwords. What this means is that a lot of businesses are currently still depending on single factor authentication. Companies hesitate to enable multi-factor authentication because they believe that this would negatively impact user experience. However, even the average person is increasingly realizing of the dangers of stolen identities and sensitive data. Industry professionals expect that this awareness will influence more organizations to opt for multi-factor authentication processes.