Critical Cyber Security Mistakes Your SMB is Making

September 25, 2019

Not having strong cyber security measures in place can be devastating for any kind of business.  Although a system breach doesn’t necessarily mean the end of your company, it can damage customer confidence and your reputation as an enterprise.

Add to that the myriad of compliance issues you’ll need to deal with due to lax cyber security.

Small and medium-sized businesses (SMBs) that are new to the business may not be aware of these potential problems. Unfortunately, some SMBs do not even take them seriously. You might also make some mistakes unknowingly, which can spell a huge disaster for your organization.

Below is a list of the most common cyber security mistakes SMBs make and how to prevent them.

Mistake #1: Thinking You’re Not Vulnerable to a Cyber Attack

Businesses of all sizes can fall victim to a cyber security breach. Cybercriminals often use more evolved threats to target smaller businesses, so you need to be prepared. Take the possibility of an attack seriously and consider bringing in a qualified expert to identify weaknesses, conduct system audits, and offer solutions to minimize your risk.

Mistake #2: Lack of Staff Training

Teaching your staff to avoid cyber-attacks (e.g. unsecured links, phishing scams, etc.) can help save your company from an enormous loss. Regularly train each member of your team to use secure protocols, think before they click, and take action in case of a cyber attack to minimize the possibility of a security breach.

Mistake #3: Failing to Update Software

Be sure to update any security software you have every now and then. Apply the updates as soon as they become available to protect your data and network. If you have confidential files such as budget reports or income statements, it’s better to store them in a system that is not connected to a server.

Mistake #4: Trying to Handle Everything by Yourself

Never cut corners when it comes to cyber security. Buying expensive anti-virus software is not enough to protect yourself from cybercriminals. For better data and network protection, it’s always best to use IT service providers. These experts have resources, skills, and specialized knowledge to help you come up with an employee awareness plan and extensive security policy.

Mistake #5: Poor Device Management

These days, more enterprises are adopting the BYOD policy, primarily to reduce costs. This is a good idea, but you need a secure wireless network to implement it safely. SMBs often lack the specific procedures and policies to properly manage and protect portable devices. Once any of these gadgets fall into the wrong hands, you risk private data from your business being immediately exposed to cybercriminals.  

Final Thoughts: Importance of Cyber Security

Neglecting cyber security can cost your business more than monetary profits. Successful cyberattacks can also result in serious downtime, stolen private data, reduced customer trust, and high compliance fines.

By knowing the common cyber security mistakes to avoid, you can easily come up with an organized top-to-bottom plan so you can have the best chance at keeping ruthless hackers at bay and raising the bar on your data security.

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