Cybercrime presents a serious financial threat for companies of any size. When sensitive information is stolen, or the company’s computers are hacked, the cost can be staggering – high enough to sink even the most financially stable businesses. And this goes doubly for small businesses, as 43% of cybercrimes target them, and a majority (almost 60%), go out of business within the first couple of months of being hacked. And it’s not just the damage to the company itself that you need to worry about; the cost of cybercrime is considerably exacerbated by the fact that the affected businesses can face liability lawsuits for allowing third-parties’ classified information to be leaked.
In the light of these risks, let’s break down the 4 ways you can best protect your business from cybercrime.
Employee Training
Humans are the weakest link when it comes to cyber attacks – 97% of attacks are carried out via social engineering, without attacking your cybersecurity infrastructure. This is why proper training to avoid social engineering attacks such as phishing, baiting, and pretexting is key to reducing your cyber…
