The Top 3 Cyber Threats Facing Small Businesses (and How to Prevent Them)
Jul 14, 2024
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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.
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.
Practical Tips for Enhancing Cybersecurity Measures
Implementing multi-factor authentication, regularly reviewing permissions on software access, creating a leaving company procedure, backing up data, and educating teams on phishing are vital steps to enhance cybersecurity. Multi-factor authentication adds an extra layer of security by requiring additional verification beyond passwords. Setting clear access permissions and promptly revoking access for departing employees mitigates potential security risks. Regular data backups and phishing awareness training can significantly reduce the risk of falling victim to cyber attacks, ensuring business continuity and data protection.
43% of cyber attacks target small businesses, with an average cost of $46,000 per incident. Yet many owners think they're too small to be at risk. In this episode, discover:
The top 3 cyber crimes reported by small businesses
Why a "it won't happen to me" mentality leaves you vulnerable
5 critical steps to protect your business
Cyber security is like insurance - you hope you never need it, but you're glad you have it. Listen now to safeguard your business before it's too late.
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