Smaller firms less likely to keep up to date on the basics that protect them

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Smaller firms less likely to keep up to date on the basics that protect them

On the never ending problem of cyber security, small firms often do not have any/much in-house IT support. As a consequence, they may be less likely to be able to make sure their software is consistently updated to reflect any patches released by the product’s maker. This simple oversight, deliberate or not, is a major source of data breaches and ransomware attacks.Think back many years to when Microsoft pulled the plug on maintaining Windows XP. Many users refused to upgrade because there were afraid of losing compatibility with other software programs, the unintended consequences of moving to a new OS, or just not being sure how to install an upgrade. Whatever the issue, it meant those users had an operating system that was no longer updated to reflect the latest security fixes. Their operating system became an unlocked gate.

 You may not be scared of technology, but as a small business owner, tracking the release of new updates or taking the time to install them as soon as they come out probably just isn’t a priority. You have a business to run. Adding to this problem, you may also allow your employees to use their personal laptops, mobile devices, and tablets for work duties. If that is the case, then every program on each of those devices is subject to the owner’s willingness and ability to update everything in a timely fashion. If any single device accessing your corporate files and data misses a security patch and is breached, so is your business.

 The lesson here is that you need to take action to implement a company-wide process for maintaining all of your software applications so they don’t become an unlocked door in the middle of the night. A managed service provider can develop a plan to address update and security fixes on all the devices that access your data. It can be more than a small business owner can handle, so instead of ignoring the problem, reach out to find real solutions that will protect your business.

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Cyberattacks and the vulnerability of the small business

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Cyberattacks and the vulnerability of the small business

You cannot go a day without reading about some big name company or even government agency being hacked and critical data being compromised. What you don’t see in the media is that most of the attacks happen to small firms, and that this is where a lot of the cybercrime is occurring.

What any business, but especially a small business, needs to be afraid of are cyber attacks that disable your operations, disrupt customer interaction, or breach your customer’s personal data. Contrary to what one might expect, smaller firms are far more likely to be targets of hackers than large firms. They are also likely to have less sophisticated security measures in place. Any firm’s existence can be threatened by these events, but smaller firms are often unable to rebuild after a major breach.

Studies show that customers are less forgiving of smaller firms than larger ones when their personal data has been compromised. The lesson here is that smaller firms are more vulnerable and need to be extremely vigilant.

Each month your management team should review/discuss the components of the cybersecurity program and the business continuity/resiliency plans.

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