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How I Work

The Top 3 Cyber Threats Facing Small Businesses (and How to Prevent Them)

Jul 14, 2024
Learn about the top 3 cyber threats facing small businesses, including email hacks and scams. Discover practical tips to prevent cyber attacks and secure your business data.
07:36

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Quick takeaways

  • Small businesses are prime targets for cyber attacks despite owners' belief they are immune.
  • Implementing multi-factor authentication, reviewing permissions, and educating teams are crucial steps in cybersecurity for small businesses.

Deep dives

Importance of Cybersecurity for Small Businesses

Cybersecurity is crucial for small businesses despite the misconception that they are not targets for cyber attacks. In 2020, 43% of cyber attacks were aimed at small to medium businesses, costing an average of $46,000 per incident. Various cyber crimes target businesses, including inbox break-ins, fake invoices, and online banking fraud. It is essential for small business owners to prioritize cybersecurity to avoid devastating financial losses and operational disruptions.

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