Do you know if your business is adequately secured from a cyber attack?
The world is more connected than ever, and that means hackers have more ways to attack your business. Cybercrime costs are estimated to rise to $6 trillion in losses by 2021, and that number will only keep trending upwards.
With the rise of cybercrime, you need to act to protect your business. This post will tell you why small business security can be beneficial for you.
Keep reading to learn five ways it can help.
1. Secure Valuable Business Information
About 1 million malware threats are released every day.
Without proper security, you are putting your company at risk. This malware won’t only cause your computer systems to slow down. When you’re attacked, your passwords, customer records, employee details, and trade secrets could land in the wrong hands.
You need to prevent hackers from accessing this information.
2. Saves You Money
Cybercrime is costing businesses more money every year. With governments wanting to institute fines for data breaches, it’s going only going to get costlier.
With the average cost per record stolen in a data breach being $148, you can do the math to figure out how much it can cost you. It’s no wonder 60 percent of small businesses that suffer a cyber attack close shop within six months of the attack.
3. Improve Your Business Reputation
According to Cisco, attacks on small businesses are continuing to rise. This puts companies that don’t think of security at risk.
Do you want to do business with a company that doesn’t take your security seriously? Nobody does, so don’t do your customers a disservice by skimping on it.
By becoming a company that’s known to take security seriously, you will gain trust in your industry and prove that you’re a trustworthy business partner.
4. Comply with Federal and Local Regulations
With the internet rapidly changing, the laws are changing just as fast.
You need to ensure that your security policies comply with all relevant regulations. These regulations can change based on your industry.
If you’re unsure of what you need to do to comply, bring in an expert to perform an audit of your systems, identify potential violation loopholes, and recommend the changes you need to make to ensure compliance.
5. Faster Security Response
You can’t fix a problem you aren’t aware of.
A small business security system will monitor your business round-the-clock. Because of this, it will not only protect your business but also detect and halt intrusions.
Your security system is like a worker that doesn’t sleep, always there when you need it.
Don’t Skimp on Small Business Security
Cybersecurity is becoming an essential part of society today, and your customers expect you to be on your game. Make sure your small business security is up to par and gives your customers the protection they deserve.
Are you ready to talk to someone about your small business security? Contact us today and we will help you secure your business.