The Biggest Security Threats Confronting Businesses
Cyber attacks and security threats have increased in frequency recently, perhaps due to the fact that most businesses have gone digital. Businesses, no matter how big or small, should enact measures that protect their data as well as sensitive customer information from security breaches from their system. If you are a small business owner, understanding these forms of security threats will help you come up with ways to protect your business. By knowing about how these security threats occur, you can implement risk mitigation and proper security policies to avoid experiencing them in your own business.
Here are a few of the biggest security threats that confront your small business.
Researchers demonstrate that approximately 50 percent of startups and small businesses suffer from a cyber attack annually. More than 60 percent of these undermined businesses go out of business within the following six months. These statistics show that being content with minimal cybersecurity measures is no longer the right path. For this reason, businesses should be ready to invest in technology and personnel that can reinforce their security measures.
These days, many business owners are under the belief that they could not possibly be targets for security threats. For this reason, a lot of organization become more partial to neglecting or misunderstanding several kinds of threats. Targeted cyber attacks, or those attacks on company data that are done by brave teenagers or international organized crime syndicates, are external risks that can remove data for a long time. For example, phishing attacks which are sophisticated threats that can result in a loss of business. Businesses need create measures that would offer their system an improved security against these cyber attacks.
Data breaches that range from deliberate leaks from unsatisfied employees to blunders concerning forgotten laptops are internal risks because the threat originates from inside the organization. Businesses need to execute policies that will make their employees understand the correct data security protocol to avoid these types of breaches from occurring. While it is crucial to reinforce internal processes and personnel, skilled security services can also sometimes help reduce risks.
According to a new study, a significant chunk of actual data breaches was the product of taking advantage of weak, stolen, or default passwords. This is due to the fact that so many businesses today are still using single factor authentication. Companies are hesitant to use multi-factor authentication since they are under the impression that this would adversely influence user experience. However, even the average person is increasingly realizing of the dangers of stolen identities and sensitive data. Industry professionals expect that this awareness will influence more organizations to opt for multi-factor authentication processes.
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