Page 5 - PA_Enterprise_September-2023
P. 5
PAE
t’s important to protect your business from and reputational reasons, it’s essential to
Icyberattacks, but with the cyber landscape protect your data and cloud-based systems
evolving all the time, it can be daunting to from unauthorized breaches or hacks.
know where to start. Here’s a guide to help
small businesses navigate the world of cyber What is the impact of cyberattacks on
threats. small businesses?
A cyberattack can have a devastating impact
Why is cyber security so important for on your business. In fact, 60% of small
small businesses? businesses that fall victim to an attack shut
Cyberattacks put your money, data, and IT down within six months after the breach. While
equipment at risk. If a hacker gains access that may be the most drastic potential result of
to your network, they can inflict significant an attack, there are other consequences that
damage with what they find, such as: your business could experience, including:
Access to customer lists Financial losses from theft of banking
information
Customer credit card information
Financial losses from disruption of
Your company’s banking details business
Your pricing structure High costs to rid your network of threats
Product designs Damage to your reputation after telling
customers their information was
Business growth plans
compromised
Manufacturing processes
Cybersecurity tips for small businesses
Other types of intellectual property As a small business, you might feel helpless
These attacks don’t just put your company at against cyberattacks. Fortunately, you can
risk. Hackers may use their access to your take steps to protect your company by
network as a stepping stone into the networks keeping up with the latest security ideas for
of other companies whose supply chains your businesses. Here are some essential business
business forms part of. cybersecurity tips:
As more people around the world work 1: Train your employees
remotely, cyber security for business has Employees can leave your business
become even more important. Many small vulnerable to an attack. While precise
businesses use cloud-based technology and statistics vary by country and industry sector,
tools for their daily operations – including online it is unquestionably the case that a high
meetings, advertising, buying and selling, proportion of data breaches are caused by
communicating with customers and suppliers, insiders who either maliciously or carelessly
and banking transactions. For both financial
September 2023 5
