Cybercriminals are capable of launching extremely complex attacks. But most hacks are enabled by careless cybersecurity procedures. This is particularly valid for small and medium-sized enterprises (SMBs).
Cybersecurity is frequently not given top priority by small business owners. They might just be entirely focused on expanding the business. They believe their risk of a data leak is reduced. Or they might believe it to be an unaffordable expense.
However, big businesses aren’t the only ones who worry about cybersecurity. It’s also a crucial issue for small companies. Cybercriminals often view small firms as appealing targets. Numerous perceived vulnerabilities are to blame for this.
Fifty percent of SMBs have been victims of cyberattacks. More than 60% of them go out of business afterward.
The cost of cybersecurity does not have to be expensive. Human error is the main cause of data breaches. However, that is truly welcome news. This implies that enhancing one’s cyber hygiene can lower one’s vulnerability to attacks.
Are You Making Any of These Cybersecurity Mistakes?
Finding the problem is the first step towards solving it. Teams at SMBs frequently commit errors that they are unaware of. The following are some of the main causes of cyberattacks on small enterprises. See if any of this sounds familiar to you or your organization as you read on.
1. Underestimating the Threat
Underestimating the threat landscape is one of SMBs’ top cybersecurity errors. Many entrepreneurs believe that because their firm is too tiny, it won’t be targeted. However, this is a risky misunderstanding.
Small businesses are generally considered easy targets by cybercriminals. They think the business doesn’t have the know-how or resources to fend off attacks. It’s critical to realize that fraudsters will attack any size organization. In cybersecurity, being proactive is essential.
2. Neglecting Employee Training
When was the last time you gave cybersecurity training to your staff? Personnel cybersecurity training is frequently neglected by small firms. Owners believe that their online behavior will inherently be cautious.
However, one major source of security flaws is human error. Workers might unintentionally download dangerous files or click on malicious URLs. Staff members benefit from cybersecurity training:
- Recognize phishing attempts
- Understand the importance of strong passwords
- Be aware of social engineering tactics used by cybercriminals
3. Using Weak Passwords
One typical security flaw in small businesses is weak passwords. Many workers choose passwords that are simple to figure out. Additionally, they utilize the same password across many accounts. This could expose hackers to private information about your business.
People reuse passwords 64% of the time.
Encourage the usage of secure, one-of-a-kind passwords. Whenever possible, think about introducing multi-factor authentication (MFA). This enhances security on top of it.
4. Ignoring Software Updates
Another error is not updating operating systems and applications. Cybercriminals frequently use well-known flaws in out-of-date software to penetrate networks and obtain access. To fix known security vulnerabilities, small firms should update their software on a regular basis. This covers antivirus software, web browsers, and operating systems.
5. Lacking a Data Backup Plan
Small businesses might not have official procedures for data recovery and backup. They may erroneously believe that they will never experience data loss. But a number of factors can lead to data loss. This covers hardware malfunctions, human mistakes, and cyberattacks.
Make regular backups of the vital data in your business. To make sure the backups can be successfully recovered in the event of a data loss catastrophe, test them.
6. No Formal Security Policies
Clear regulations and processes are typically lacking in the operations of small businesses. In the absence of explicit and binding security policies, staff members might be unaware of important information. like how to manage private information. or how to handle security incidents or use company equipment safely.
It is advisable for small enterprises to create official security policies and processes. Additionally, convey them to every worker. These policies ought to include the following:
- Password management
- Data handling
- Incident reporting
- Remote work security
- And other security topics
7. Ignoring Mobile Security
Mobile security is becoming more and more crucial as more workers utilize their personal devices for work. Small businesses frequently ignore this cybersecurity consideration.
Install MDM (mobile device management) programs. When using company-owned or employee-owned devices for work-related purposes, these implement security regulations.
8. Failing to Regularly Watch Networks
SMBs might not have IT personnel monitoring their networks for unusual activity. Delays in detecting security breaches may arise from this.
Set up tools for network monitoring. Alternatively, think about contracting out network monitoring. This can assist your company in quickly recognizing and addressing possible hazards.
9. No Incident Response Plan
Businesses without an incident response plan could get quite anxious in the event of a cybersecurity disaster. Additionally, they may react ineffectually.
Create a thorough incident response plan. One that describes what to do in the event of a security problem. Plans for communication, protocols for isolation, and an obvious chain of command should all be part of this.
10. Thinking They Don’t Need Managed IT Services
The nature of cyber threats is always changing. Attack strategies change frequently. Small enterprises frequently struggle to stay competitive. businesses still think businesses are “too small” to afford managed IT services, nevertheless.
Package sizes for managed services are all available. This covers those made with SMB spending limits in mind. A managed service provider (MSP) can defend your company against online threats. additionally help you save money by streamlining your IT.
Learn More About Managed IT Services
Don’t risk losing your business because of a cyberattack. Managed IT services can be more affordable for your small business than you think.
Give us a call today to schedule a chat.