Why Cybersecurity for Small Businesses is More Necessary Now Than Ever Before

Why Cybersecurity for Small Businesses is More Necessary Now Than Ever Before

Posted November 15, 2020

Why Cybersecurity for Small Businesses is More Necessary Now Than Ever Before

  • Nearly one-fifth of small businesses experienced either a hack, virus or data breach in 2019.
  • It’s estimated that by the year 2021, businesses will become a victim to ransomware every 11 seconds, with cyberattacks costing them more than $6 trillion annually. However, severe financial consequences aren’t the only dangers involved; cyber-attacks can also lead to the loss of sensitive information, and can even lead to a business shutting down for good.
  • There are a number of ways that small businesses can prevent a cyber attack, from implementing simple precautions or even hiring a specialized team to stay on top of the matter.
  • Along with employing an IT specialist or team (should the budget allow for it), training employees on current cybersecurity dangers and precautions is a must, as it can ward off a number of issues (such as the aforementioned phishing scams).
  • Installing security software, as well as investing in the right cybersecurity insurance can also be vital in protecting businesses in the event that an attack ever does happen.

– JW Jackie | November 15, 2020