Why this matters to your business
If your organisation uses the internet – for email, banking, running a website or other activities – you need to know how to keep your information and assets safe. Many small businesses don’t realise they could be an attractive target for hackers – but the good news is that you can take simple steps to protect your business and customers.
You may not think that your business could be a target, but cybercriminals are motivated by a variety of factors – most of them lead back to money!
Cybercriminals make money through holding data to ransom, stealing funds from bank accounts, identity theft and sale of stolen information. Profits from these activities are highly lucrative and can be fairly easily obtained from unprotected businesses.
According to a 2016 report by cybersecurity firm Symantec, 43 percent of cyber-attacks are targeted against small businesses – a significant increase on 18 percent in 2011. As businesses rely more than ever on the online environment for their day-to-day activities, the potential for a compromise of systems or loss of data continues to increase.
It’s easy for a business to underestimate the potential harm that a cyber incident could cause. Loss of revenue, damage to equipment and reputational issues are some of the concerns that can come from cybercrime and other malicious online activities. Even if no data is lost, the impact can still be detrimental for organisations.
By acting now to prepare your business, there is a good chance that you can protect your interests and recover from an incident.
This is where Stay Smart Online can help! We provide easy to understand advice on a range of topics to build your business’ cyber resilience – from simple technical measures to raising awareness among your staff. A good place to start is our Small Business Guide: Protect your business is 5 minutes
Investing in your online security will almost certainly save you money in the long run - even if you suffer a cyber incident, the cost and time of any recovery is likely to be less if you have good measures in place.
Every day we take measures to safeguard ourselves and our businesses in other areas. Likewise protecting your business information should become part of normal day-to-day activities.