Is cybersecurity important for small businesses?
Is cybersecurity important for small businesses? The internet, we know, is full of hackers, phishers, and prying eyes that seek to exploit internet users’ devices and infect them with malware, ransomware, or virus to lock them out from accessing their critical files, and then request a huge sum as bait for unlocking the infected/encrypted files. For this reason, cybersecurity proves to be very important, not just for small businesses, but for everyone that works through the internet; this includes entrepreneurs and enterprise businesses.
Inarguably, the importance of cybersecurity for small businesses cannot be overemphasized. Cyberattacks keep increasing by the day and small businesses seem to be the most vulnerable targets – even though reports do show that larger businesses are more likely to experience the attacks. In the real sense, every business should care about cybersecurity, whether big, medium, or small business, and below are the reasons why you should show concern to that.
Is Cybersecurity Important For Small Businesses?
The sad truth is, it is easier for hackers to break into small businesses’ databases because SMEs may not have enough funds to set up formidable firewall/security architectures to checkmate cyberattacks. Being that a typical business has some personal data of its customers or clients stored in their database, the need to enforce cybersecurity becomes undeniable.
When cybersecurity is not enforced, and peradventure, hackers find their way into your business systems, they can use your business data and records to attempt to exploit another business, which can land you in a deep mess, possibly, an expensive lawsuit.
There are quite other possible scenarios that point down to the importance of cybersecurity for small businesses. Currently, we do see data leaks’ news that resulted in identity theft being posted publicly on social media accounts. Hackers find their way into businesses’ database and expose the sensitive information of their clientele such as social security numbers (SSNs), credit card information, and even bank account details; all these all brings us to the possible conclusion that cybersecurity is very important for businesses of all levels.
It is also imperative to point out that cyberattacks can be launched through SMS, email messages, or even voice phishing – an insider can also attack your business database to leak sensitive data of your clients. When a cyber-attack is successful, the perpetrators may start posting fake updates on your business social media pages, in a bid to derail your reputation.
Well, Two-Factor Authentication can be set to checkmate unauthorized access into your business systems. This is very important because a “sign-in” is required to gain access into your business database – if 2FA is being set up, it could help to prevent unusual sign-ins; thus, causing your data to remain safe and untouched.
We’ve talked pretty much about small businesses; however, we must understand that individuals can also face data breach scenarios. Virtually everyone that browses the internet need to adhere to certain cybersecurity tips to protect the sensitive data he/she shares online.
Now that we have emphasized the need to enforce cybersecurity, one may ask, how do you do that? Well, you may want to consider outsourcing as a way of getting cybersecurity experts to set up solutions that would keep your business safe from phishers. A reputable computer support team can be of great help in this regard.
How To Enforce Cybersecurity For Your Small Business
These tips apply to both small, medium, and big scale businesses. Adhering to them can save you a huge cost compared to what you would spend to get over a data breach lawsuit.
1. Fortify Security
To fortify security means to implement strict policies to checkmate the possibility of hackers getting into your business systems. This includes ensuring the use of strong passwords for WiFi connections, and on database storage systems. Fortifying security can also mean setting up formidable firewalls that restrict unauthorized addresses from access your core business data. There are other ways to make sure that your small business’s data is safe and secure from unauthorized access.
2. Two-Factor Authentication (2FA)
As mentioned earlier, 2FA is one of the ways to secure your business systems. Interestingly, most bespoke business software solutions developed by IT companies integrate 2FA security feature to restrict unusual login and login from new IP addresses.
The simple answer to the question, “Is cybersecurity important for small businesses?” is YES. There is need to enforce cybersecurity to protect crucial and sensitive data. A lackadaisical approach to enforcing cybersecurity in your small business can land you in an expensive lawsuit due to data breach – it can also ruin your business reputation.