How to Protect Your Small Business From Cybercrime


How to Protect Your Small Business From Cybercrime

By: Steve Banke

By 2021, cybercrime will cost the world $6 trillion annually; that’s more than the GDP of Japan, the world’s third-largest economy. Here are a few helpful insights to better prepare your business to deal with the realities of cybercrime:

Human Error is Fatal

Statistics show that human error is responsible for a staggering amount of lost data, with either a mistake or loss/improper disposal behind 30% of data loss incidents. One of the most common instances of human error is falling prey to a malicious email. A Symantec report says that in July 2017, 55% of all email was considered spam, and that 1 in 359 were malicious.

Another source of human error is general negligence towards cybersecurity in the office. Training employees to properly lock down their workstations when they’re away is a great step towards preventing malicious threats from inside your business. Implementing dual authentication policies is a great way to deter hackers. Requiring employees to regularly change and randomize their passwords is another great deterrent.

Build Strong Firewalls

It seems so intuitive, but your business should take steps to protect itself from old school cyberattacks – and many businesses don’t have a proper firewall in place. Protecting your internet and server activity from outside threats is crucial, and easy to do with the proper procedures and knowledge.

The Future of Cybersecurity

In 2016 there were one million unfilled cybersecurity positions around the world. It’s becoming more apparent that there just aren’t enough qualified human beings to properly address the world’s cybersecurity needs.

The solution may be artificial intelligence that can comb through massive amounts of data, identifying threats as effectively as humans. It can work around the clock and identify trends and anomalies that would elude the attention of human analysts.

The good news for small businesses is that while the automation of cybersecurity is still absolutely essential, there’s still time to prepare. While cybercrimes against small businesses are still incredibly common, your business has a window to effect proper cybersecurity measures.

Conclusion

As a business owner, you have a responsibility to take cybersecurity seriously. It’s an ethical obligation to yourself, your clients, and your employees. Cybercrime isn’t something anyone wants to think about, but it’s a very real threat to the integrity of any business.

Steven Banke is the CEO and Founder of 3-Points, LLC, a privately held IT Services organization located in the Western Suburbs of Chicago.  Steve founded 3Points in 2002, which exclusively serves the technology needs small businesses and non-profit organizations.  Steve is a life-long resident of the Chicago area, and has lived in the Western Suburbs with his wife Cheryl for the past 30 years.