Cybersecurity protection is as crucial for small businesses as it is for corporations. While the big guys have million-dollar state-of-the-art equipment, software, and personnel to stave off data breaches, a small online business has few options. The world is modernizing rapidly, and there are tailor-made solutions for companies of all sizes. Your online business doesn’t need an expensive in-house team when you can hire a cybersecurity professional. Here are a few reasons why you should consider it:
1) Cybersecurity will be as essential as utilities someday.
We live in an increasingly digitized world, and businesses are intertwined almost irrevocably with the internet. Though this brings an array of perks, it is also more vulnerable to cyberattacks.
A future where a hack or a breach would be as common as someone robbing a physical store is not far off. Perhaps, we are already there. According to Cybersecurity Ventures, a business will fall victim to ransomware every 11 seconds. That’s how rampant this menace is, and you are as likely as the next person to fall prey to it.
2) You will save a ton of money if you hire the right cyber security services company
Before considering cutting costs on cybersecurity, think about this statistic: Cybercrime cost the global economy $6 trillion, and $15 billion of that was hard-earned cash of mostly small American businesses.
You might think you can alert the cops and recover your assets, but here is another worrisome statistic: it takes 196 days on an average to identify that your organization had a data breach. Half a year passes before you are even aware of the crime. You need an expert, a watchdog looking after your business.
3) While you hesitate to hire a professional, hackers are upping their game
Did you know that global phishing site numbers have skyrocketed by 130.5% in the last three years? They are getting so good they hacked 1.2 million accounts at Microsoft, one of the largest tech companies ever.
Big companies have too much to worry about, as an average Fortune-500 company employee maintains over 90 business and personal accounts and just as many passwords. But they can also afford the protection. An average person has about 38.4 passwords, which is still too many to remember and puts you at too much risk. There are over 300 billion passwords that need protection right now; yours could be one of them.
4) It might be expensive later
Estimates are that there will be a shortage of 4 million cybersecurity specialists by 2023. It means the cost of hiring a professional will increase year on year. It is best to get acquainted and tie up with a cybersecurity company early so you can create a partnership of trust for an affordable price.
5) Most companes don’t have the know-how
The chances of getting cancer, heart attacks, or being in an accident are minimal if you think about it. Most people still get insurance for it. Some people sail through life without it until a tragedy happens. The cyberhealth of your business is no different from your physical health. It needs cyber insurance and a cybersecurity service provider.
Slashing cybersecurity funds can cost businesses billions of dollars each year. Just email compromises earned hackers $1.3 billion a year. Even if you teach your staff good digital habits, it can still go wrong without cyber security monitoring, as the line between personal and professional spaces is dissolving with hybrid and remote work policies.
A cyber security assessment service is your best bet at running a healthy business prepared for any malware, phishing site, or hack.