When looking at data security, you may feel you have enough safeguards set up to defend your small business. After all, you probably routinely update your antivirus software and other security protocols too. And it’s not as if you are a large company that has to worry about having their systems breached by advanced hacking techniques. With tens of thousands of delicate customer records on file, these big firms are the ones who must worry about cyber attacks, right? In fact, digital thieves have drastically escalated their efforts in relation to stealing from small businesses. To help you learn more about your level of danger, let’s look at this important topic in greater detail below.
Small firms: low-hanging fruit
The facts are, hackers have found that small businesses are easier targets, and are increasingly preying upon them. They are able to infiltrate their systems at a considerably faster rate, and with a better percentage of success as well. This means a cyber criminal can assault multiple targets in the time it would take them to lay siege to a better-guarded system with a higher level of data security. How can it be worth their while to steal from a mom and pop business? In today’s modern world, virtually every business makes use of digital payment processing methods. When your customers pay using a credit card, this data must run through your system to be verified. This represents a goldmine of data for hackers, as they can lift this information without being discovered. With your customers’ credit card numbers, addresses and names, they can make bogus charges on their accounts.
How hackers gain access to your data
Even though you most likely have systems in place to defend your data, hackers will make use of multiple points of entry, so firewalls alone is probably not enough. Malicious email attachments are probably the biggest offenders. These attachments can leave your system wide open for data mining. This year alone in the first quarter, 6 million malware programs were detected. Apart from these more high-tech tactics, cyber criminals also use low-tech means to steal information. Phone calls as well as personal visits by someone posing as a network administrator or security firm can be detrimental. We all hope our workers are smart enough not to be seduced by an apparent phishing scam, but it only takes one slip up to open yourself up for attack.
The buck stops with you
Many people assume that since credit card companies are usually liable for any counterfeit charges that occur from a hacking event, that data security isn’t crucial. While this may be true for a consumer, for a business owner the outcome may be very different. Consumers will hold you responsible personally should their information be stolen. Damage control after an attack can cost an organization thousands of dollars and in some cases a single attack can spell the end of business in general.
An ounce of prevention…
So, in relation to your data security, taking extra precautions is a wise move. Not only should you upgrade your programs whenever you can, look at strengthening your passwords as well. Avoid using obvious phrases, and never leave the default password in place. Also, advise your employees not to give out their login information or open attachments from unfamiliar senders when checking their email. You can even hire an outside consultant to guarantee the security of your customers’ data. Taking these types of measures can provide you with piece of mind, knowing that your systems are safe from attack.