April 22, 2020

3 of the biggest cyber security challenges for small and mid-size businesses, and how to overcome them

Learn how to keep your business protected from the latest cyber threats

As cyber threats around the world increase and evolve, no business is immune.

A lapse in cyber security can have devastating consequences for any company, but it can be especially damaging for small and mid-size businesses. All too often, a data breach results not only in financial loss but also impacts the trust you’ve worked hard to build with your customers.

The bad news: data breaches can easily occur. The good news: with proper precautions, they can easily be avoided, too.

Keep reading to learn some of the biggest cyber security challenges you may face, and how you can safeguard your small or mid-size business now.

The challenge: Cyber attacks are getting more sophisticated

If you think you’re safe because there are bigger targets for cyber criminals to attack, it’s time to think again.

When it comes to cyber crime, hackers often do not discriminate. In fact, forty-three percent of cyber attacks are aimed at small businesses.[1] What’s more, the methods they use to gain access to your data are becoming more and more sophisticated.

The solution: 

An essential first step to safeguard your small or mid-size business is to have the cyber security basics in place: a secure network, firewall, and regular backups of all your mission-critical data.

It’s also important to educate your employees on online security best practices, such as using strong passwords and keeping your software up to date.

Read more:

10 cyber security tips to keep your business safe

The challenge: New technology can introduce new vulnerabilities

We all love the flexibility and user-friendliness of new tech! But could you be opening up your business to new vulnerabilities that can be exploited?

It seems like every day we’re hearing of new privacy and security concerns about some of our favorite tech tools. For example, it was recently reported that over 500,000 Zoom accounts are being sold on the dark web and hacker forums for less than a penny each, and in some cases, given away for free.[2]

The solution:

Before using any new tech platform, make sure you do your research. If you’re not sure it’s safe to install, we recommend discussing the risks with an experienced IT company first.

The challenge: Ever-changing compliance regulations

The standards for HIPAA, PCI, NIST, ITAR, and DFARS compliance seem to change on a daily basis. And while compliance is essential, it can be a real headache for small and mid-size businesses.

The solution: 

You can save yourself hours, if not days of work (not to mention the stress!) by partnering with an experienced IT company who offers compliance services. Look for an IT company that specializes in the type of compliance you require, can talk you through the process, and is able to quickly produce compliance reports as needed for auditing.

Cyber security challenges are continuing to change every day. By following this advice, you can put your small or mid-size business in the best possible position to be ready, no matter what the future throws at you.

How InterNetwork IT can help

After months of researching and developing multiple platforms to increase our solutions for security products, we’re proud to announce a suite of all-new IT Security Packages to keep your business and your customers safe. Contact us today for more information.

What cyber security challenges is your business facing?

Let us know!

Sources:

1: Accenture, 2019 Cost of Cybercrime Study

2: BleepingComputer

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