Small Business Can’t Sacrifice Cybersecurity

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For small businesses, it can be tempting to postpone cybersecurity efforts. There are many common excuses: “There’s so much to do,” “There’s not enough budget,” “Our business is too small to target,” etc. But right now, cybersecurity is a must-have for every business.

Think of it like business insurance. You don’t intend to get sued or have accidents, but you have insurance to cover if the worst happens. Similarly, having cybersecurity in place:

  • saves you time, money, and stress;
  • protects your business IT against damages;
  • provides you and your employees with peace of mind.

But small businesses are not only at risk of cyberattack. According to a study released in March 2022 by cloud security company Barracuda Networks, “on average, an employee of a small business with less than 100 employees will experience 350% more social engineering attacks than an employee of a larger enterprise.” That makes small businesses three times more likely to be targeted.

In fact, your business may already have been attacked. The Barracuda study found that one in five organizations had at least one account compromised in 2021. And hackers need only one account to launch from. An attack can spread without you knowing if you don’t have the right detection and protection tools in place.

Advice for small business leaders

Digital attacks are on the rise, and you’re going to need help. A report from Blackberry in February suggested that “one million daily security alerts are seen in 25% of security operations centers.”

But you don’t have a security operations center, right, let alone one that can process a million alerts daily. Investing in cybersecurity gives you access to that type of security reporting, plus much more.

Hackers target small businesses because they expect them to have fewer IT resources. That can mean more weak points for bad actors to exploit.

At least you are keeping your software current and patching vulnerabilities with any manufacturer updates, right? And your business probably also uses antivirus and emailing filtering. Yet, traditional email filters are no longer enough: you need to invest in additional security resources.

Take the target off your back

So, we’re back at the beginning again. Investing in cybersecurity is now on your wish list, but you can’t see how you can afford it right now. But you can’t afford not to really. According to the Australian Cyber Security Centre, “Australia spent approximately $5.6 billion on cybersecurity in 2020, and self-reported losses from cybercrime totalled more than $33 billion.”

Plus, you don’t need to do everything from scratch and buy all the necessary software and hardware yourself. Instead, you can work with a vendor to take advantage of economies of scale. Invest in a cybersecurity partner who will do a full risk analysis to find the main vulnerabilities in your business IT environment.

Partner with someone who works to secure many small businesses like yours. They’ll be the ones investing in supplemental technology with machine-learning security to protect against all types of email. They’ll know how to put the right protection tools in place, and they’ll also have the skills to detect and respond to threats post-delivery.

The damage caused by one compromised account can be devastating for a small business. Don’t risk the worst happening: protect your cybersecurity with the help of a managed service provider. We can identify any weak points in your cybersecurity and help put safeguards in place to defend your business. Contact us today at (515)422-1995!

Everyone Plays a Role in Cybersecurity

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Hollywood would have us believe that cyberattacks are elaborately planned and use expensive, sophisticated tools developed by James Bond’s tech guru, Q. Yet in real life, most hacks are nothing like that. Cybercriminals often simply fool a human to gain access.

Phishing remains a primary way to attack. A scammer sends an email that looks legitimate, and an unsuspecting victim clicks on a malicious link. They might download malware or end up on a webpage that looks credible but is set up to gather their personal data.

Social engineering targets the human desire to help. A hacker might drop an infected thumb drive in the office parking lot of the target business – they need only one well-intentioned person to pick it up and plug it into the office system – or they call, saying they represent a contractor and urgently need important credentials.

Your cybersecurity is only as strong as its weakest link. In many cases, your employees are that weakest link. They are busy working hard, so they don’t stop to question things, or they can be too trusting. A supply-chain attack compromises your vendor. The hackers change the details on the vendor’s invoice so that the money ends up in their bank account. Your people don’t notice, because they usually trust the vendor.

Educate Employees about Their Cybersecurity Role

Every business needs to educate employees about the part they play in cybersecurity. They need to care, but they may feel that it’s not their concern. They’ll expect IT or someone else at work to handle malware and prevent cyberattacks, but each individual has a role.

It can help to put the potential threat in personal terms. Help them to understand that they are not only protecting work data on the network, and it’s not just client personal details: it’s their names, addresses, and tax numbers, too. Plus, it’s how much they get paid, healthcare records, resumes, and more, which is exactly the kind of information hackers exploit in identity theft. That one hack can have a huge ripple effect.

There’s also the argument that if your business suffers a breach or downtime, everyone could be out of the job. Particularly bad data breaches or hacks can destroy a business. Of course, the individual didn’t mean to do anything wrong, but their ill-advised action costs your company, which can mean downtime, lost productivity, damaged brand reputation, compliance issues, and more. Recovery is difficult.

Cybersecurity Is an Ongoing Concern

It’s also important that you don’t treat cybersecurity training as a one-off. Running through a list of “do nots” in employee onboarding and then moving on is not going to work. Build cybersecurity literacy into your workplace culture.

Remind employees about strong passwords and thinking twice before sharing any sensitive data. Require them to use protected networks for remote access and to encrypt files.

Your business can also show the importance of employees taking responsibility by:

  • discussing cybersecurity in hiring processes;
  • outlining policies and procedures in the handbook;
  • reminding employees to regularly update and upgrade technology;
  • monitoring applications downloaded onto work devices;
  • having a clear policy for people bringing in their own devices;
  • adding multi-factor authentication to remote access.

Ransomware threats are on the rise globally, cybercrime gangs are targeting any weakness, regardless of business size or industry. Enlist your employees in the ongoing fight against hackers.

Need help training employees or installing cybersecurity protections? We can help. Contact our IT experts to discuss policies and procedures your business can use. We know how to keep you free from threats and get your people engaged in the battle, too. Call us at (515)422-1995 today.

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