3 Reasons Cybersecurity Is Essential for Small Business

Cyber criminals are becoming more sophisticated every day, increasingly targeting small businesses who may not have the resources to defend themselves. Understanding the importance of cybersecurity can help prevent data breaches and malware that could cost thousands of dollars and a lot of worry and frustration.

Why Do Small Businesses Need Cybersecurity?

1. More Reliance on Technology

Small businesses increasingly use technology to communicate, manage email lists, store customer records, and process transactions. More and more data is stored in the cloud, which offers cost-effective storage and efficiency rather than keeping it in-house. However, transferring more data through the internet increases the chances of a cyber criminal intercepting vital information. Couple this with the fact that 90% of cyberattacks are caused by human error, and it’s clear that a comprehensive cybersecurity program that includes employee cyber awareness training, is essential.

2. Liability for Data Breaches

Businesses can be held financially responsible for damages caused by data breaches, especially if they have inadequate security measures. On average, breaches cost businesses around $200,000, which most small companies don’t have available. Businesses also can be held liable for failing to comply with IT security frameworks like CMMC, HIPAA, and PCI DSS. Companies can also lose valuable contracts, be unable to get cyber insurance coverage, and have to deal with legal penalties.

3. Higher Chances of an Attack

While data breaches at banks and governments typically make the news, small businesses are the most common targets. 67% of all small businesses have experienced some type of data attack within the past year, and those numbers are only expected to rise. Small businesses can be more vulnerable than large enterprises because most of them don’t have a dedicated security team that knows how to prevent, detect, and act on potential attacks. By the time the attack is noticed, it’s often too late to avoid the damage.

Outsourcing your cybersecurity to a team of specialists ensures your data is protected by professionals using the most sophisticated tools available.

Whether you’re an independent contractor or a Fortune 500 company, Corvid Cyberdefense offers rock-solid security services you can depend on. Based in Mooresville, NC, they proudly serve companies across the nation, delivering exceptional solutions tailored to the unique needs of today’s small business world. Visit their website for more on their managed security services, follow their Facebook for tips and advice, or call (800) 349-0976 for a consultation with an expert.

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