What Are The Top Five Threats to Small Local Businesses?
Running a small business without a cybersecurity plan in place can be disastrous. Good small business practice is acknowledging that what worked when you first opened your business may no longer be working for your company. Small businesses tend to operate on a more limited budget than larger companies where every dollar counts, and cutting corners may cost them more than they can afford to lose, especially when it comes to cybersecurity measures.
Every year, thousands of small companies go out of business and many of them could have been saved.
Here are the top five threats small businesses deal with:
- Data Breaches
According to Forbes, “The biggest risk companies will face in the coming year is the risk of having their data breached. Organizations for years have said “it’s not if you’ll be breached, it’s when.” Having this knowledge and not implementing a cybersecurity plan can leave your small business way too vulnerable to a cyber attack. One cyberattack can wipe away an entire business, and fast, especially a smaller one.
- Human Error
Most malware and scams are leaked into the business due to human error. Having the right team with the right training can eliminate any threat. It’s important to have regular training for all staff members to keep your company data as safe and secure as possible. Completely eliminating the risk of a human error from happening isn’t realistic, but it can be greatly reduced with regular implementation of the latest cybersecurity updates and software.
- Burnout
“Burnout is not a new concept in the business world, but the past few years have put a level of stress on both leaders and staff that may have never been seen before.” Even though burnout isn’t a cybersecurity issue it can lead to #2 Human errors, which leaves your company vulnerable to a cybersecurity breach. It’s important to address burnout among the employees to prevent that from happening as well.
- Phishing
Phishing attacks are on the rise. Most attacks are preventable but not every company has a plan in place in the event of a possible phishing attempt. In recent years, attackers have become more convincing in pretending to be legitimate business contacts, which makes it easier for them to make the scam more personal.
- Understaffing
Finances play a big role in building a business and we all understand how important it is to be conscious of revenue. It is imperative to understand the logistics of hiring employees that are capable of handling the workload, but more importantly, having the knowledge and training to handle the workload. Not having enough staff to cover the workload can lead to burnout, which is addressed in # 3.
Why Choose 10X
So, how do you protect your business from a cybersecurity breach in 2023 and beyond?
That’s where our team at 10X comes into play. We partner with top-level companies in the cybersecurity space to make sure your company always has the latest technology available, saving you time, money, and peace of mind.
Ready to get started or have questions about how to protect yourself and your company in the event of a cyberattack? Contact us by calling 704-931-1056 or e-mail: Sales@10xcg.com