For businesses, investing in cybersecurity is a must to maintain a strong brand. Each and every year seems to set new records for online threats—data from the Identity Theft Resource Center (ITRC) states that the number of data breaches in 2017 were a “44.7 percent increase over the record high figures reported for 2016.”. Several small businesses fall prey to cyber-attacks due to loopholes in their cyber security measures. Put these cybersecurity measures for small businesses in place. 6) Data security knowledge for employees: Finally, educate your employees on the data security measures. While a building security system is a great start, it is key that employees, vendors, staff and contractors are properly trained on business security measures as well. Vital Security Measures for Small and Medium Businesses – 2020 Guide. Make your password difficult to guess by: Types of Data Security Measures for Businesses From among a number of concerns that businesses have, data security is a major one. 6 Security Measures That Protect Small Businesses Most companies have experienced at least one instance of check theft, in which a bad actor washed a legitimate check and cashed it. Hackers have been increasingly targeting start-ups and other small businesses in recent years. Security Measures for Businesses Can Calm Employer Work Worries in Coming Months Aug 31, 2020 | Blog , Small Business There are 365 days in a year, and according to a 2019 study by OnePoll on behalf of Alarm.com , small business owners spend a cumulative 24 of them worrying about the economy, time management, bills, and so much more. The company will also provide security measures like firewall, firewalls, intrusion detection, monitoring, and anti-virus software to safeguard your company’s information from outside threats. In the age of the internet, where businesses are moving their operations online, cyber-security has become one of the top priorities among the populace. Threats are often indiscriminate. Along with its several benefits, there are many risks involved which are only growing by the day. All businesses, whether small or large, need to implement appropriate safety measures and provide a safe working environment for employees. Indeed, there was an average of 200,000 cyber-attacks per day in 2016 and the numbers are increasing day by day. Small Business Security Issues and Preventive Measures. One reason for this is that a crime is less likely to occur because criminals are deterred by the security. The level of security you will need to implement will depend on the size of your business, any specific risks you face and of course the budget available These businesses are not on the scale of larger businesses and have more specialized security needs than the average home will need. by Charles Goldner October 22, 2020. ... An infographic from the Avast shows that nearly 60 percent of all security breaches target small businesses and almost half of all the small businesses have experienced these attacks. Data security knowledge for employees; Finally, educate your employees on the data security measures. Attacks don’t target companies because they are perceived to be successful, and there’s a good hoard to steal. Security measures adopted by the companies have to be evaluated as this will minimise the occurrence of the cyber threat, which is one of the major concerns for online trading. As cloud services become cheaper and more accessible, smaller businesses are now, more than ever, conducting their business online. Neal Davis. By implementing proper security, two parties get authentication and a bridge of trust … For businesses, investing in cybersecurity is a must to maintain a strong brand. With these security measures, you can expect your data to be safe at all times. One breach could deeply harm your business, and this was indeed verified with the global cyber attacks of May 2017 that reached 200,000 victims in at least 150 countries. While cyberattacks pose a growing threat to all modern enterprises, digital merchants are especially vulnerable. Combined, these will give you a basic level security against the most common IT risks. Data Security Measures for Businesses Data breaches can have devastating impacts on your business. ... One way of doing this is to install security measures on the premises. Here are 10 best practices that provide defense against the majority of all security threats. Cases of check theft dipped in the early 2010s as companies and banks shored up their security. Broadband and information technology are powerful factors in small businesses reaching new markets and increasing productivity and efficiency. Businesses need extreme security measures to combat extreme threats. Having a standard protocol for opening and closing your location, guidelines for handling and securing money and inventory and designating a point-of-contact for reporting suspicious behaviors are all necessary. Regardless of the scale of a business, data is available everywhere and it is highly valuable for business survival and potential expansion in … Small businesses, in general, tend to have weaker online security compared to their larger counterparts. Our research shows that small businesses use a range of data security measures to protect their data, including limiting employee access and encryption, and are considering investing in more cybersecurity resources in the future. While ecommerce businesses share a few similarities with the traditional businesses, they do differ from them in some respects. Identify which employees need to have access to the business information and set up responsibilities for those employees. Now, with the intention of developing secured websites, the platforms are also coming with their in-built features which ensure the web security. Since they are on the same network as you are, they may accept security threats by mistake if they are unaware of the data security breaches and measures. 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