Conversations in Risk-Based Security

Why Cybersecurity Should Be A Top Priority For Small Businesses

Posted by Doug Yarabinetz on May 10, 2018 3:34:04 PM

Every year, far too many businesses are compromised by cybercriminals, and each time, important data and sensitive information are accessed and exploited. In all situations, cybercriminals will use their best technology to steal data and even the finances of big businesses.

 However, big businesses aren’t the only ones at risk. Even small to medium-sized business are at risk of a cyber-attack if they don’t properly protect themselves. If hackers can find a way in, they will--no matter the size of the business.

Cyber Threats Are Only Increasing
Cybercriminals are eagerly searching for any company that has data that could be useful to them. Due to this, millions of companies are affected by cyber-attacks each year, and by 2021, experts believe that damages from cybercrimes will skyrocket to $6 trillion; this includes small and medium businesses. Even as our defense technology advances, cybercriminals won’t be far behind with advancements in their hacking technology and skills. With this in mind, more IT positions are slowly transforming into cybersecurity positions as well. More and more IT tech positions are requiring a background knowledge of cybersecurity in all their applicants. And if they don’t have the experience, many companies will require them to go through that specific training.

Cloud Hosted Protection
With the increase in cyber-attacks, businesses are getting highly proactive in their defenses against cybercriminals. Detecting and thwarting cyber-attacks are becoming a new priority for countless SMBs. An excellent option for optimal cyber defense would be to introduce a cloud-hosted protection system into your business. A cloud-hosted protection system would remove the grunt work from a company’s employees, and will only need attention when the hosted service detects a change in behavior analytics. This is the most cost-efficient way for small businesses to defend against cybercriminals; employees go about their day to day duties and act in a moment’s notice when given a real-time alert.

The problem with cyber protection, mainly in an SMB’s case, is that it’s not economically viable. Large companies have the protection because they can afford it, while SMBs are being penalized due to the bounds of their funding. SMBs should not suffer simply because they cannot afford the protection that companies need in the age of cyber hackers.

At the end of the day, defense mechanisms should not only be viable for those who have larger budgets that allow it, it should be affordable and available for all companies, large or small. With the cybercriminal industry growing at a concerning rate, we all need help and protection.  If you would like to learn more about the steps you can take to defend your small business against cyber-criminals, schedule a free consultation with Lynx Technology Partners today.

Topics: cybersecurity