There are 3 item(s) tagged with the keyword "cyberattacks".
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Is your company doing all it can to protect itself against cyberthreats? Here are some of the most common data security mistakes made by small businesses.
Relying on outdated technology – Time doesn’t stand still when it comes to technology. No matter how effective a piece of equipment or version of software may be, it’s always one day closer to being obsolete. It is essential you remain vigilant with software patches or updates to existing devices and budget for replacement technology to keep your data safe.
As cybercrime around the world continues to dominate the news, it becomes increasingly necessary for business owners to evaluate their own data security measures. Although newsworthy cyberattacks tend to focus on big corporations or large-scale attacks, small- and medium-sized businesses (SMBs) are not immune from malicious attacks. In fact, SMBs are frequently targeted by hackers as easy prey. Consider the following reasons why your SMB may be at risk.
Downplaying the Risk – SMBs—often under the false assumption that their company size alone makes them safe from attack—tend not to invest in data security measures. A study by Ponemon Institute found that 58 percent of SMB managers do not consider data breaches in company risk assessments. Moreover, according to the United Nations Office on Drugs and Crime, 65 percent of SMBs have no formal cybersecurity policy in place. This lack of awareness and preparation make SMBs low-hanging fruit for small-scale individual hackers and sophisticated cybercrime rings alike.
As technology advances, so too does the sophistication and prevalence of cyber threats to companies around the world. A recent study by Webroot found that many businesses aren’t prepared to combat cyberattacks, particularly small and medium-sized businesses (SMBs).
It can be easy for already overstretched SMBs to focus on immediate concerns or overlook the need to address the security of their technology. However, it is dangerous to think that your business is too small or your annual revenues aren’t significant enough to attract hackers. Not addressing the security of your technology makes you an easy target for professional and novice hackers alike, leaving your company more vulnerable to a cyberattack.
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