5 Ways to Protect Your Small Business from a Cyberattack

If you’re like most small business owners, cybersecurity isn’t a top priority. You probably don’t think you’re at risk for a cyberattack because it seems like a “big business” problem, affecting major retailers like Target and, more recently, the credit reporting agency Equifax. After all, who would bother stealing your insignificant data when they could hack into Target instead? This kind of thinking has made small business the victim of nearly half of all cyberattacks. Hackers are going after small businesses because small businesses have valuable data and weak cybersecurity protections, making them the perfect targets. By penetrating a small business, hackers can do significant damage: They can retrieve stored information like customer credit card numbers. They may use information to gain access to the computer systems of much larger partner businesses. The 2014 Target data breach happened because hackers stole login credentials from a heating, ventilation, and air conditioning company that serviced some of Target’s stores. Hackers have found there’s easy money in ransomware. They lock up critical files and then demand hundreds of dollars in “ransom” to restore your access. A cyberattack can force you to temporarily shut down your business, as you work to access data and get websites and systems working again. Customers may lose trust in you, damaging your reputation and profits over the long term. A cyberattack can cost a small business as much as $250,000. There are, however, things you can do to protect your small business from a cyberattack and minimize the damage if one does occur. Here are five of them.

Continue: 5 Ways to Protect Your Small Business from a Cyberattack

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