Priority Insurance LLC Blog
During the COVID-19 epidemic, there has been a surge in digitalization. The use of services like teleconferencing has increased tenfold in the last 10 years. The amount of information generated grows as the usage of digital instruments increases.
Small companies have been more concerned about cybersecurity in the last two years. Small firms have grown more exposed due to the increased use of remote work once the epidemic began. As the number of successful cyber-attacks has increased, so has the number of small businesses that have been hacked.
Furthermore, assaults are growing more diverse and creative. As a result, it's difficult for large and small firms to keep ahead of the game and update their cybersecurity plans.
What Are the Risks of Small Business Cyber Attacks?
According to a new CNBC study, many small company owners in the United States are unconcerned about cyber security. Fifty-six percent, for example, were unconcerned about becoming a victim of a data breach in the year 2022. In addition, 24% of them indicated they were "not at all concerned."
Being a victim of a data breach may be terrible for small firms since many lack financial resiliency in today's economy. A successful cyberattack affects small companies an average of $25,000 every strike.
They also have to cope with the loss of clients' confidence if their personal information is disclosed. The last thing your firm wants to do is notify loyal customers that their personal information is now for sale on the dark web.
Internal Attacks are Increasingly Common
To begin with, a growing proportion of cyberattacks are coming from within.
One of your staff members is oblivious to the need for information security policies and ignores them most of the time. They use the same passwords repeatedly, don't install or update antivirus software, and don't utilize VPNs. Inadvertently putting your business in jeopardy might be as simple as obtaining one of their private files taken.
Another possibility is that current or former workers have a vendetta against your company and attempt to ruin it by gaining access to its data and systems.
Small enterprises may face major cybersecurity difficulties in 2022. Ransomware, phishing, mobile, and Iot assaults are just a few examples of internal risks. The best thing you can do to address these problems is to invest in good cybersecurity infrastructure, develop a plan, and train your workforce to tackle them.
You'll be able to keep your business secure in the virtual environment and remain ahead of the risk curve in this way.
At Priority Insurance LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (864) 297-9744 or Click Here to request a free quote. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.