Cyber Security for Small Businesses
High-profile cyber attacks on companies such as Sony and Zappos have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the
Small Business Authority, Symantec and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense
of cyber security.
The statistics of these studies are grim: The vast majority of U.S. small businesses lack a formal Internet security policy for employees, and only about
half have even rudimentary cybersecurity measures in place. Furthermore, only about a quarter of small business owners have had an outside party test their
computer systems to ensure they are hacker proof, and nearly 40 percent do not have their data backed up in more than one location.
Don’t Equate Small with Safe
Despite significant cybersecurity exposures, 85 percent of small business owners believe their company is safe from hackers, viruses, malware or a data
breach. This disconnect is largely due to the widespread, albeit mistaken, belief that small businesses are unlikely targets for cyberattacks. In reality,
data thieves are simply looking for the path of least resistance. Symantec’s study found that 40 percent of attacks are against organizations with fewer
than 500 employees.
Outside sources like hackers aren’t the only way your company can be attacked—often, smaller companies have a family-like atmosphere and put too much trust
in their employees. This can lead to complacency, which is exactly what a disgruntled or recently fired employee needs to execute an attack on the
Attacks Could Destroy Your Business
As large companies continue to get serious about data security, small businesses are becoming increasingly attractive targets—and the results are often
devastating for small business owners.
According to Symantec, the average annual cost of cyberattacks to small and medium-sized businesses was nearly $200,000 in 2010. Most small businesses
don’t have that kind of money lying around, and as a result, nearly 60 percent of the small businesses victimized by a cyber attack closed permanently
within six months. Many of these businesses put off making necessary improvements to their cyber security protocols until it was too late because they
feared the costs would be prohibitive.
10 Ways to Prevent Cyber Attacks
Even if you don’t currently have the resources to bring in an outside expert to test your computer systems and make security recommendations, there are
simple, economical steps you can take to reduce your risk of falling victim to a costly cyber attack.
Train employees in cyber security principles.
Install, use and regularly update antivirus and antispyware software on every computer used in your business.
Use a firewall for your Internet connection.
Download and install software updates for your operating systems and applications as they become available.
Make backup copies of important business data and information.
Control physical access to your computers and network components.
Secure your Wi-Fi networks. If you have a Wi-Fi network for your workplace make sure it is secure and hidden.
Require individual user accounts for each employee.
Limit employee access to data and information, and limit authority to install software.
Regularly change passwords.
In addition to the listed tips, the Federal Communications Commission (FCC) provides a tool for small businesses that can create and save a custom cyber
security plan for your company, choosing from a menu of expert advice to address your specific business needs and concerns. It can be found at
Your Emerging Technology Partner
A data breach could cripple your small business, costing you thousands or millions of dollars in lost sales and/or damages. Contact us today.
We have the tools necessary to ensure you have the proper coverage to protect your company against losses from cyber attacks.