What is Cybersecurity for Businesses?

What is Cybersecurity for Businesses?

Cybersecurity for business is defined is the protection of internet-connected systems, including hardware, software and data, from cyberattacks. In a computing context, security comprises cybersecurity and physical security.

Cybersecurity for businesses will continue to be one of the top investments business owners will make for the foreseeable future. Too often, business owners believe that only larger organizations need to take cybersecurity seriously.

Below, I’ve outlined a few common facts and misconceptions about who is a common security target, and what can happen to a business after a data breach.

Data Breaches Can Put You Out of Business

Not only do data breaches happen to small companies, but often with greater impact. A National Cyber Security Alliance Study found, that 60% of small to midsize companies go out of business within the first 6 months of a data breach. The costs and reputation damage attributed to a data breach may be too much to recover from for most businesses.

Data Breaches Affect the “little” Guys Too

Most often, the media reports on data breaches that affect larger organizations like Target, Home Depot and Sony, but did you know that a Verizon study found that 71% of data breaches happen to companies with less than 100 employees?

Employees Are Your Weakest Link

Most organizations have taken steps to protect their company by installing network firewalls, ensuring that your systems are regularly patched with the most current vendor security patches and have deployed and kept your antivirus software up-to-date.

However, technology alone cannot stop cybercrime and data breaches. In a study by IBM, they found that 95% of data breaches are caused by human error. That makes your employees your weakest link in your fight against cyber security.

Why Your Employees Need Cyber Security Training

The best way to minimize potential risk of a data breach is because of the education your employees do or don’t have. Training your employees on cyber security best practices and how to recognize possible threats, is the first step in implementing a robust data security strategy.

We recommend employee security training that can solve this potential problem. Your comprehensive training program will inform and engage your employees on security best practices.

Your employee security training should cover:

  • Phishing scams
  • Ransomware
  • Phones scams
  • And the dangers of public Wi-Fi

Stay safe out there!

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