The Importance of Cybersecurity for Small Businesses

 The Internet has opened doors of opportunities for many. It has proved immensely useful for new and small businesses in the same series. People are reaching new and larger audiences all across the globe in a fraction of a second. With computer-based tools and applications, the workload is reduced, and a smooth process cycle is maintained. Cybersecurity should be a part of any business plan, whether they want to use the cloud or email to keep up with their website. Digital information theft surpasses physical theft as the most common type of scam. Every business using the Internet is responsible for building an environment that promotes safety and enhances business and consumer confidence.

A piece of news rolling down in 2020 stated that big and renowned organizations like Twitter, Zoom, Nintendo, and EasyJet have been prey to cyber security attacks. Such news raises concern for small business owners about the safety measures they have established for their computer systems.

But does this show everything? And are they only going after big, well-known companies?

It is not so.

Even though big businesses get all the attention, small and medium-sized businesses are being hurt just as much. The Verizon Data Breach Investigations Report says big companies were responsible for up to 43% of all data leaks. A 2019 study by Keeper Security and the Ponemon Institute also found that 63% more small and medium-sized businesses had data breaches than the year before. In 2018 and 2017, this number was 58% and 54%, respectively.

CardBleed, a recent attack on Magecart, hurt more than 3000 shops. But again, it’s important to remember that this affected more than just the big, well-known stores. It affected stores in all kinds of businesses.

That means that just because these attacks aren’t making the news doesn’t mean data leaks can’t hurt small businesses.

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