Top 4 Cybercrime Threats to Small Businesses

Small business owners: protecting your business against cybercrime is now more important than ever.

In 2015, the U.S. Director of National Intelligence ranked cybercrime as the No. 1 security threat in the country. Despite popular belief, cyber criminals actually prefer small businesses simply because they are easier to infiltrate.

As technology advances, cybercrime tactics used to steal your business’ sensitive data will advance as well. Payroll outsourcing company Paychex cites that over 70 percent of cyber attacks specifically target SMBs.

Let’s take a look at four crucial cyber threats that could impact your business’ data security in 2016.

Data Breaches
Businesses feel the effects of data breaches through financial losses and loss of customer trust. The number of data breaches that have occurred in 2016 – 725 – is on track to surpass last year’s total count of 781. Recovery from a SMB data breach can cost between $36,000 and $50,000, which can be especially devastating to smaller companies.

Firewalls are put in place to block criminals attempting to hack into your business’ network. However, malicious software that is mistakenly downloaded by employees is often the culprit behind data breaches. Employee error and accidental email/Internet exposure caused nearly 30 percent of all data breaches in 2015.

Read more about it on B2B: http://bit.ly/2eVTeHm

2016-10-27T09:54:28+00:00

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