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Protect Your Business Against These Security Threats

Cyber attacks and security threats are becoming more and more commonplace, given that a lot of businesses have gone digital. Businesses, no matter how big or small, should enact measures that protect their data as well as sensitive customer information from security breaches from their system. If you are a small business owner, understanding these forms of security threats will help you come up with ways to protect your business. By knowing about how these security threats occur, you can implement risk mitigation and proper security policies to avoid experiencing them in your own business.

Here are a few of the biggest security threats that confront your small business.

A body of research shows that over 50 percent of startups and small businesses go through a cyber attack each year. Over 60 percent of these vulnerable organizations close down their business within the next half a year. These figures demonstrate that doing the bare minimum for cybersecurity measures is no longer a good idea. For this reason, businesses should be ready to invest in technology and personnel that can reinforce their security measures.

A lot of business owners are currently under the assumption that they could not possibly be targets such threats. Because of this, so many companies are more likely to ignore or misunderstand particular types of threats. Targeted cyber attacks, or those attacks on business data that are conducted by bored teens or global organized crime groups, are external risks that can take out data over an extended span of time. For example, phishing attacks which are sophisticated threats that can result in a loss of business. Businesses need create measures that would offer their system an improved security against these cyber attacks.

Data breaches including calculated leaks from disgruntled employees to errors like misplaced laptops are internal risks due to the fact the threat arises from within the company. Businesses must implement measures that would allow their employees to know more about proper data security policies to ensure that these types of breaches do not happen. While it is crucial to reinforce internal processes and personnel, skilled security services can also sometimes help reduce risks.

According to a new study, a significant chunk of actual data breaches was the product of taking advantage of weak, stolen, or default passwords. This is due to the fact that so many businesses today are still using single factor authentication. Companies are hesitant to use multi-factor authentication since they are under the impression that this would adversely influence user experience. Nevertheless, even ordinary Internet users are increasingly becoming aware of the risks of stolen identities and vulnerable information. Industry authorities believe that this knowledge will lead more businesses to use multi-factor authentication processes.