Small businesses are in a tough position when it comes to cyber security. They face a growing number of threats and attention by cyber criminals and don’t have the time or resources that larger enterprises have to devote to cyber security. As instances of data theft, malware and other risks grow, it is going to become increasingly important for small businesses to be aware of the threats they face and learn how to address them effectively and with limited resources.
This is the topic that Byron Acohido, The Last Watchdog and The Securitist, Aaron Hanson, Symantec and Experian’s own Bryan Hjelm tackled in our most recent installment of our cybeSAFE webinar series.
Panelists took an in-depth look at the different threats SMBs face in different phases of growth and provided solutions for how best to tackle them. You can watch a recording of the webinar when available below. The group also summarized findings from Experian’s most recent SMB survey.
This year’s SMB survey found that there is a disconnect between awareness and action when it comes to SMB security. In the survey 63 percent of small businesses reported that they are worried about undetected malware, 38 percent are worried about phishing attacks and 41 percent are concerned about breaches causes by human error. Despite these worries, 31 percent of responding businesses are still not doing anything to protect against these threats.
To bridge this gap, SMBs need to focus on the security basics:
- Awareness – Know and understand the threats that can impact your business.
- Education – Educate employees on the importance of workplace security and choose vendors with superior security reputations. The more well-educated your workforce is on the importance of security, the more likely they will be to employ better online habits at work and in their personal lives.
- Monitoring – Take advantage of software solutions that can help monitor the security of your business. Anti-virus solutions can help protect against malicious malware and VPNs can help secure business data when conducting business outside of the company network.
- Damage Control – Have a breach preparedness plan. While a plan may not reduce the cost of repairing a data breach, it certainly helps keep your customer relationships intact and reduces business reputation damage.
If you have any questions about SMB security, we encourage you to check out the resources linked to on this page and our corresponding infographic. You can also reach out to us via Twitter and Facebook. Find out more about Experian’s cyberSAFE webinar series and watch previous recordings.