From data breaches headlining the nightly newscasts to reports of costly ransomware payments, threats of Cybersecurity for businesses are very real, and they’re escalating. And if you believe the myth that data breaches only target the large corporations, then you’re in for a sobering reality check. It’s now estimated that over sixty-one percent of data breaches are occurring at the small to medium business level, specifically those with fewer than 1,000 employees!

Without the proper safeguards in place, Hackers can gain access to your most sensitive information, wreaking havoc on your day-to-day operations. Data breaches, hacks, and ransomware can have a devastating effect on businesses large and small alike, often causing loss of valuable information, At risk is your list of clients, reputation, and the scariest of ultimatums, company closure…

But by following industry recommendations to safeguard their infrastructures with Cybersecurity measures, businesses now have a more complex and less vulnerable way to avoid physical and internet-based attacks. Prevention is key to stopping a cyber attack in its tracks.

What Exactly IS CyberSecurity?

Cybersecurity is the safeguarded preservation of computer networks and private information from being stolen, hijacked, and/or damaged. There are three main components of Cybersecurity: Security, Usability, and Training/Awareness.

Security is the protection of business networks from potential intruders. By implementing certain security measures to your network, the chances of being accessed by an unknown entity to your system is minimized, and thus, more safeguarded.

Usability refers to the functionality of the cybersecurity policy you have set up for your business. Your security policy should mirror the wants and needs for your business, while still allowing authorized access to those that need to use it.

Training and Awareness is a great way to keep your employees up-to-date with an ever-changing cybersecurity policy. Frequent training courses and follow-ups will help keep employees refreshed with common knowledge on your company’s security concerns and help ensure they make the right decisions when they are using and managing company data.

Should I Be Concerned About Cybersecurity for my Business?

Absolutely!! A company’s ability to operate after a data breach can not only cripple, but force a company into financial ruin. Having reliable cybersecurity measures in place isn’t just about protecting your company—it’s also about safeguarding your business’s interests (and those of your clients), assets, and most at risk, your reputation.

Small to Medium Businesses (SMBs) are often under the assumption that because they are small, they are less likely to be victimized by cybercriminals. This couldn’t be further from the truth, however, as SMBs are often the preferred targets for cyber hackers, as they generally have less security safeguards in place than their larger counterparts.

What are the Chances My Business will be Hacked?

Latest estimates of companies that get victimized by a data breach are one in four!

In fact, the preferred targets that hackers seek out are the small and medium-sized businesses (SMBs). SMBs are more attractive targets to cybercriminals because they are less likely to have the appropriate security measures set up, and are more likely to pay ransoms because they can’t afford to lose all their data.

Speaking of, did you know that the average cost of a data breach is $3.6 million dollars?! Quite the hefty fee to get your information, assets, and reputation (if salvageable) back, and definitely way more than having the proper security systems set in place to avoid such a data breach!

So How Do I Protect My Network?

By having a Managed IT Provider secure your network, you will be given peace of mind that your Business is being properly monitored for threats to the network while maintaining a sense of security that your business is being safeguarded against attacks from cyber criminals.

Your Managed IT provider can also help create and implement training programs for employees to keep up-to-date on, ensuring internal security protocols are being maintained as well. End result is YOU staying on task with business, with peace of mind that cyber security is paramount.