As a fully Managed IT service provider we offer powerful cybersecurity solutions for small and mid-size businesses

How Vital is Cybersecurity for businesses?

Gone are the days when a security guard at the door was enough protection. Everything is shifting into a digital platform. Today businesses store their most crucial and sensitive files in computers and cloud-based platforms. We now access their bank accounts, debit and credit cards online. With this, criminals are now turning into online means to further their trade through cyberattacks. As a business, the only way you can beat this is by beefing up your cybersecurity.

Every Business Level Is At Risk

There is a global misconception that cybercriminals only target large financial institutions, influential people, big corporations, and governments. If you are keen on the recent development, you will realize that this is not true; in fact, SMBs are at a bigger risk.
According to Forbes, small businesses make up 58% of cyber-attack victims. The reason behind this is that small and medium-sized companies still live in denial. They believe they are not a target and do not see any grounds for having robust cybersecurity protocols in place. Because of that, they leave their walls open and provide the most comfortable attack options for hackers.
Another reason behind SMBs’ vulnerability is that cyberattack targeting them does not reach the media, unlike the bigger businesses. Because of this, small business owners assume there are no such threats.

Cyberattacks Hit Where It Hurts Most

The financial impact of cyberattacks sees a positive trajectory every year, with businesses shouldering heavy losses. The effect ranges from regulatory filings and technical investigations, lost business opportunities, t1ime spent on recoveries, and negative business reputation.
Of all these, the most devastating effect of a cyberattack is customer loyalty and trust. Your clients will move to your competitors once they realize you cannot protect their information. Even the ones who remain will question their allegiance. It leaves you counting your losses with a damaged business reputation that takes time to mend in the long run.

How Proper Cybersecurity Comes Into Play

If you want to protect your business from online threats, you have to invest in your protection. That way, you will secure your sensitive information and ensure that nothing will compromise your invaluable data. You can always hire IT companies like Powerful IT Systems to identify, protect, and prevent today’s cyber risks.
Even with that, there are a few security measures and protocols that you must introduce at your workplace. They include:

  • Educating your employees on the possible cyber threats and what they can do to mitigate such risks
  • Use Password Manager apps, and two-factor authentication (2FA) to restrict access to important files
  • Relying on no-log VPNs to hide and encrypt your connections so no one can intercept and break into your network and devices
  • Building a strong firewall to prevent outsiders from accessing data on your network

Competition is tough for large corporations and SMBs as well. A small snap in your cybersecurity protocols could doom misery to your business, especially when it comes to winning your clients’ trust. We recommend that you protect your business and invest in cybersecurity.

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