Nowadays, small businesses are tasked with the responsibility of ensuring that their systems are not the victim of a cybersecurity attack. Statistics point to the fact that hackers don’t just target big businesses. In fact, ransom-seeking cybercriminals will specifically target small businesses 43% of the time according to the 2019 Verizon DBIR. Bigger businesses have an advantage: they often have the appropriate personnel and budget required to fund huge defenses against cybercriminals. Small businesses are especially vulnerable due to their smaller size and lack of IT expertise.
So, what’s the worst that could happen if a small business ignores this threat? They could probably bounce back pretty easily, right? In short: the answer is no. Cyberattacks carry devastating consequences and can even result in the loss of the whole business. What’s at stake here includes a reputation, leakage of sensitive customer data, loss of productivity, loss of revenue, and even stolen revenue. Depending on the scope and severity of the cyber attack, an entire small business could be put under.
It is imperative to the long term survival and growth of a small business that cyber security defenses are implemented, as well as an outlined emergency response plan. Small businesses, especially in the greater Boston area, need to be proactive and up to speed with their competitors. So, if you haven’t already started, read the infographic below to understand four essential security policies every small business should have.