Information Security: Why It Is Important for Your Business
All companies need to take their information security seriously, but there are many reasons why smaller businesses might not be able to afford what a big business can. It is important for every company to have an up-to-date security solution, as it could potentially save thousands of dollars in the event of a data breach. For example, if an attacker gains access to your network and steals sensitive information such as credit card numbers or customer records from your database, you could be liable for those costs. The average cost of a data breach ranges from $200,000-$500,000 per incident.
Why Information Security Is Important to Your Business
All companies need to take their information security seriously. But many business owners believe that bigger corporations have more of an issue with data breaches than smaller ones. That’s not true, though. It is important for every company to have a strong security solution, because it could potentially save you thousands of dollars in the event of a data breach. For example, if an attacker gains access to your network and steals sensitive information such as credit card numbers or customer records from your database, you could be liable for those costs. The average cost of a data breach is $200,000-$500,000 per incident.
How to Secure Your Business
One of the most important steps to take in securing your business is to invest in an up-to-date security solution. It’s a common misconception that small businesses don’t need to worry about data breaches because they may not have as much information or money at stake. Sadly, it only takes one incident for a small business to be in hot water with the authorities and forced to face hefty fines.
Additionally, make sure you keep your network updated so you can avoid malware and phishing scams. Make sure you have antivirus software on all computers, laptops, tablets, and smartphones that are used by employees or customers. You could also consider investing in a firewall system or two-factor authentication for your employees. The investment is worth it if it means the safety of your company.
Data Breaches and Their Costs
All companies need to take their information security seriously, but there are many reasons why smaller businesses might not be able to afford what a big business can. It is important for every company to have an up-to-date security solution, as it could potentially save thousands of dollars in the event of a data breach. For example, if an attacker gains access to your network and steals sensitive information such as credit card numbers or customer records from your database, you could be liable for those costs. The average cost of a data breach ranges from $200,000-$500,000 per incident.
The cost of a data breach can make or break a small business that cannot afford the risk of losing customer information or having their reputation tainted by an attack. Luckily, there are some steps you can take to make sure your company's information is secure and does not fall victim to cybercriminals...
What To Do if You Have Been Breached
If you’ve been breached and your data has been stolen, it is important to act as quickly as possible to prevent further damage. Immediately update your firewall and antivirus software, check all employees’ computers for any signs of computer viruses or spyware, and change all passwords. You should also contact law enforcement officials immediately.
Conclusion
Information security is a crucial part of any business. A data breach can cause major damage to your company, but by taking some simple steps, you can decrease your chance of being breached and protect your company’s information.
- Make sure the right software is in place
- Educate your employees
- Use an anti-malware program
- Encrypt data
- Monitor logs regularly
- Update software and applications
- Use strong passwords
- Practice good physical security
- Practice good network security
