Call Us Today

1300 72 10 73

Cybersecurity - Why your small business needs to understand it.

According to experts, by 2020 we can expect a cyber attack on a business every twenty seconds. Whether you are operating purely digitally or part of your model exists in the digital realm, data security is about to be a major issue that you will need to contend with. The answer to this issue is cybersecurity. But before you implement it into your business and make sure that you are protected from the problems sweeping the market, you need to know what cybersecurity is and what it means for your company.

Cyber Security Explained

You need to make sure that you are protecting any computer equipment or digital data from unauthorised or unintended access. Ultimately, this means that you need to have tight control over who can access the information in your business, with particular reference to customer data that may be sensitive.

It’s true that over the past few years usage of cyber data has grown to incredible levels. We use it do everything from financial transactions to connections and communicating with customers or suppliers. We literally never stop getting online, accessing information and sharing it in the business setting.

You can never fully protect your business. You will never have a completely impenetrable security set up. This is impossible, but what you can do is put security systems in place. Think of this like locking the door to your office or putting valuable possessions in a safe. These security systems are just as important as physical forms of protection that you probably already use in your small business. Don’t be fooled into thinking this is just a concern for you as a business owner. Customers are becoming increasingly aware of the dangers and do expect business owners to handle their data securely.

Types Of Cyber Security

There are various forms of cybersecurity that you can consider using in your business. First, you might want to look into installing anti-virus software onto your computer systems. Anti-virus software can block, identify and delete any harmful software that could be installed onto your computers or equipment in your business. Viruses like this can be unknowingly installed by an employee searching online who may stumble onto a site that is not secure. It could also be a targeted attack that can be sent through a fake, spam email.

While some viruses are virtually harmless, others can be incredibly damaging to the point where you must delete them immediately. They are capable of cloning an entire computer system and all your data.

Onsite security is also a possibility with encryptions highly recommended. If you’re not already you should be running your site through Https rather than Http. This simply means that all info flowing through the site is fully encrypted which makes a hack far more difficult, though not impossible.

Cybersecurity can even go further than this with full monitoring of all your systems. With this type of setup, you can make sure that there is never a sign of a hack or break that goes undetected. In cases like this, a full IT support team will essentially act as a digital gatekeeper for your business, keeping dangerous software off your network.

Finally, you can think about using a backup support system. This means that if your business network is crippled by an issue with data security, you will be back up and running within minutes.

At this point, you’re probably wondering what type of cybersecurity you need in your business. The answer is all of them, and this doesn’t even cover every possibility business owners can use.

Why Are Cybersecurity Threats So Dangerous?

You could be wondering why cybersecurity threats are so detrimental to a small company. Well, let’s start by exploring just how exposed you actually are. First, it’s important to realise that there are a wide range of individuals and groups who could compromise the cybersecurity of your company.

It could be a stranger with a laptop, looking to create trouble or steal from your business. Alternatively, it could even be a competing business looking to hit your company hard. Potentially, they might do this if they want to weaken your position on the market. It’s even possible that your employees, past or current, could be the sources either through negligence or potentially merely as an accident. It could even be a malicious attack to get back at your business if they feel as if you have wronged them in some way.

Once someone like this has taken a hit at your business, various areas of your company could be impacted. They can take on your customer database, steal your client list, wipe and store financial details or even just create havoc on business processes including pricing information on your website. Ultimately anything that is being stored online or digitally could be impacted.

You might think that a loss to your finances is the biggest threat for your business and you’d be right. You can lose money through the loss of information, and the cost to clean up the mess that it has caused. Finally, you might even have payouts that you’ll need to complete to satisfy customers who have been impacted.

But it’s not just about the literal costs. An attack like this might also have an indirect impact. This means that a company could face reputation damage which will mean that your profits will also likely take a hit.

Managing The Risk

As mentioned earlier, you can’t completely protect your business from this type of risk. You can, however, plan for an attack or threat by putting security measures in place. You may also want to look at the levels your security needs to be at to remain legally compliant under the latest data protection laws. You can then change your system or setup accordingly and if you approach this the right way, you should plug all the holes. Finally, you can regularly review your systems and the security you have to make sure that you are constantly growing to fight an evolving threat.