The global cybersecurity costs might add up to $133.8 billion in 2022.
Cybercrime has been a prevalent menace for the last decade. It has caused massive business losses and even led to the closure of some companies.
Although the news headlines only focus on the large firms, the small businesses have also experienced the cybercrime whip. The vulnerability of these small firms is mostly based on unpreparedness, and possibly, because of many security mistakes.
If you run a small firm, then you will want to offer maximum protection to your business. In that case, you will then need to avoid the following digital security mistakes.
- Poor Password Management
Encrypt all your business files, logos, receipts, and databases with passwords. Do not trust your employees, because they might hack the accounts behind your back. They might also reveal the information to your competitors, or hackers.
So, implement strong passwords for your workplace computers. The ideal passwords should have a minimum of eight characters. After that, use a password manager to manage the various passwords. Avoid using a similar password for many applications because it will be easy for third parties to guess it.
For maximum protection, implement the two-factor authentication, and change the passwords after every month.
- Insufficient Security Investment
Many small businesses do not prioritize security investment. Instead, they channel all resources into other business sectors such as marketing and inventory.
Ideally, the business should have a proper 24/7 monitoring system. The system should be maintained to reduce vulnerability to hackers, who attack after every 39 seconds.
- Poor Staff Training
Your staff should be trained like you. When uninformed, they will be more vulnerable to making mistakes, which might harm your business.
The best way to train the staff is to hold regular training sessions. Bring online security experts to talk to your team.
Ideally, they should be taught about cyber theft, its effects, and how to prevent it.
Hold similar training programs regularly to remind the staff and keep them up to speed with the current changes.
- Failure to Upgrade
Everything gets old; thus, the security systems that were efficient two years ago aren’t as effective now. As such, businesses should continuously upgrade them to enhance their effectiveness.
There are many reasons to upgrade and install the latest software, from the Epicor Vantage to the antivirus software. You may carry the upgrades on your own, or call an expert.
- Lack of Expertise
You can’t manage everything on your own. You might have a password manager, but it won’t offer maximum protection. Antivirus software might also not provide total protection if you don t have an IT management team.
IT experts understand various data risks. They are also well versed in the best security measures. Ensure that your business has a reliable team of IT experts to deal with security risks.
Advance Your Security by Avoiding Security Mistakes
Protect your business, employees, and clients by observing the right security measures. Invest in the right infrastructure, hire experts, and avoid obvious security mistakes. By so doing, you will cut the unnecessary costs of dealing with cyber-attacks.
Hopefully, you enjoy reading our blogs. Please let us know if you find them informative.