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4 February 2019 | by Megan Henwood
Why Your Small/Medium Business Can’t Afford to Ignore Cybersecurity!
Small and medium businesses are now the targets of cybercriminals. Meaning, many small businesses who suffer from these attacks may not recover, as the cot of these attacks can be devastating to their reputation, not to mention the cost of these breaches have severe impact to revenue. Even further, privacy laws in Canada changed in November 2018, which now require all privacy breaches to be reported to the Privacy Commissioner.
Protecting your business against cybersecurity threats is critical to protecting your Intellectual Property (IP), your customers’ data, your employee data and quite frankly your bottom line. There is good news though, so let’s dig in so that you can get the information you need, to do just that – protect your business.
So, what is cybersecurity? Cybersecurity means being protected against unauthorized use of your electronic data, and the resources used to protect against cyber-attacks. To become ‘cybersecure’, software and technologies are often implemented within an organization.
Why does this apply to my small to medium sized enterprise? Cybersecurity is important for organizations of all sizes. Learning about cybersecurity best practices and promoting awareness across the organization increases revenue, business productivity, protects your IP and builds trust.
Cybercriminals often focus on Small and Medium Enterprises (SMEs) because they know SME’s often don’t have the resources – human or financial – to employ cybersecurity professionals. While small, you don’t have to be a target. There are managed service providers to help you at reasonable costs. In addition, there is a cost-effective certification that you can adapt.
Taking the right steps to protect your IP and your customer data is critical. The new Digital Privacy Act legally requires all organizations who suffer a data breach to report it. Depending on the severity, fines and notification of the breach to clients may be required. Demonstrating that you have gone through cybersecurity certification will help to prove that you are taking the right steps to protect your data. It might also make you eligible for cybersecurity insurance.
Five Critical Areas to Focus on For Results: There are five essential controls that are recommended to implement for an organization to mitigate common internet threats. The following are:
Don’t let the fear of not knowing what to do stop you from protecting your business. There are many cost-effective ways to help you mitigate the threats of cybercriminals.
Connect with us at Support@CyberEssentialsCanada.ca to help you find the right solution for your organization!
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Megan Henwood 5 February 04, 2019 |
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