The Importance of Cybersecurity for Your Small Business

Unfortunately, if you’re a business owner, especially a small business owner, cybersecurity needs to be a top priority. While there are many well known cyber attacks, such as the Facebook, Instagram and LinkedIn hack from Sociallarks to the Colonial Pipeline case from earlier this year, there are countless others that did serious damage to small businesses you’ve never even heard about. 

Cybersecurity has never been more important for small businesses, and this is why:

What is Cybersecurity?

Cybersecurity is the protection of computer systems and networks from theft, information disclosure, or damage of hardware, software, or data, as well as disruptions to those systems due to a cyber attack. 

Why is Cybersecurity Important for Small Businesses?

Strong cybersecurity can protect your business from hostile attacks intending to access, delete, or extort your business’s online systems or confidential data. The sad reality of today is that small businesses were the target of 43% of cyber attacks in 2021. And while larger companies can “afford” these attacks and still recover, statistics show that over half of small businesses who experience a cyber attack, close their doors for good within 6 months of being hacked. 

What Are the Common Threats and Risks of a Cyber Attack?

If you experience a cyber attack that accesses your data or your customer’s data, your company could potentially lose up to 65% of your clients. Cyber attacks are no joke, and can quickly eat away at a company’s overall success. Some of the most common threats associated with a cyber attack are ransomware, malware, phishing, data leakage, and insider threat. 

Did you know that human error accounts for 95% of all data breaches? On top of that, 94% of malware attacks come through email. With more and more companies moving to remote work, it’s imperative that your company has a cybersecurity plan in place to reduce the risk of your employees accidentally initiating a cyber attack on the entire company. 

How Can You Reduce Your Risk?

Starting to think about and secure your business online is the first step to reducing your risk of a cyber attack. Some questions to ask yourself about your businesses’ cybersecurity are:

  • How strong is your password strategy? Are you using multi-factor authentication? 
  • Are you using spam-filtering and web-filtering programs to minimize phishing capabilities?
  • Is anyone monitoring the backend of your site?
  • Are you running dark web reports
  • What are you doing to prevent ransomware? 
  • Are you cleaning up your ex-employee emails and user profiles?
  • Do you have a cybersecurity expert watching and ensuring you’re protected at all times?

These are just a few of the questions you should be asking and assessing about your business when deciding whether or not your company’s cybersecurity is strong enough to protect you from a cyber attack. Another piece to consider is whether or not you are using a cloud host that offers you 24-hour, hands-on-support and excellent customer service while guaranteeing that your company has true privacy and complete ownership over your source code, proprietary information, and other critical data.

At Trinsic Technologies, we offer just that with our private cloud hosting services. The benefit of working with us is that you’re not depending solely on AI. We ensure that real people and real eyes are constantly tracking activity and catching any potential issues before an attack could occur. Programs are nice, but they can’t beat the human touch – the trick is to use the technology to enhance and support your overall security while not relying too heavily on AI to catch all of the issues. 

Cyber attacks can happen to anyone, but planning ahead and strengthening your cybersecurity can help ensure that you’re protected. If you’re looking for a company who will go above and beyond to protect your business online, then Trinsic Technologies may be a good fit for you. Don’t hesitate to submit a contact form, and one of our dedicated team members will get in touch shortly!

Whether you’re looking for a dynamic partner on your next tech project, managed IT service providers, or are interested in joining our team of seriously awesome technicians — submit a contact form and we’ll be in touch!

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