Four Security Principles For For Small Business
Now for the first time in history, the greatest threats to institutions and businesses alike are no longer physical. Instead, stealing client information or impairing an organisation’s ability to operate is something that frequently happens online.
Under half of organisations believe they're fully ready to respond to a cyberattack or data breach and despite most senior executives and chief information security officers believing that the threats posed by hacking and other malicious cyber incidents will escalate in 2020 and beyond.
Currently, 43 percent of cyberattacks are focusing on small businesses and on average it is often six months before they realised they had been attacked.
Cyber Security Has Never Been More Important
Currently most small businesses don’t have the resources to implement robust protocols. With an acute shortge of the right skils is expensive to hire an in-house expert. Here are four usful guiding principles for small buiness owners to naviatge by.
1. Reduce barriers for customers.
As a general rule, the biggest disadvantages a startup has when competing against giants is that it simply doesn’t have access to the same opportunities. Whether you’re talking about hiring the smartest people or investing in services that cost a fortune, big companies may not be doing something radically better, but they sure do have more resources to work with.
That is especially the case in the cyber security space.
In the US less than 1 percent of the companies have the resources to implement cyber security in the way that it is recommended and most small and mid-sized companies do not have budgets nor cyber security experts at their disposal.
2. Taking a simpler approach isn’t Wrong.
From blockchain to drones, there are a variety of hot topics in technology today. Sometimes, the hype can be a positive signal pointing you in the right direction of where to go. But at the same time, taking simpler approaches to solve the same problems aren’t materially any worse.
3. Change Direction when Necessary
Especially in the earliest days of a company, iteration is critical. Being too caught up in optimising your product can slow you down in reaching the market and receiving user feedback. And without that critical user feedback, you can never be sure that what you’ve made can impact people and businesses in a big way.
Taking your business in a new direction can often be a difficult decision to make, but adapting to the market environment and basing your strategy on how best to optimise value is crucial. You should have a strategy for where your company is going, but you may not always be entirely right about the approach to take to get there.
4. Don’t be distracted by short-sighted, misaligned opportunities.
As your company continues to grow, more and more opportunities, both monetary and otherwise, will arise. Though they may seem enticing, many of them are more distracting than beneficial. And if you take every seemingly great opportunity, you may find yourself veering further from what your business sought out to do in the first place.
When it comes to cybersecurity, organisations are taking a range of measures to boost protection, with security software, vulnerability management and employee training the most common means of increasing resilience against cyberattacks.
However, only a quarter of organisations believe their cybersecurity training programs can be classed as 'advanced', while just over a third rate training as 'semi-formal' and just under a third say the status of their employee cybersecurity program is 'informal'.
At Cyber Security Intelligence we can connect you with the right Cyber Security Specialists who can complete a Cyber Audit and advise on the best course of action to vastly improve your cyber resilience, securing your data and protect your business from cyber-attacks. We can also suggest and recommend the best training programmes for your employees.
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