Cyber attacks are on the rise, and more and more companies seen as goldmines of personal information are being targeted by hackers. According to the 2015 Cost of CyberCrime by Ponemon Institute, there was an average of 160 successful company cyber attacks per week. That rate has risen to more than 3 times the average 50 attacks in 2010.
Since a majority of businesses have transitioned online and have access to customer’s names and credit card information within their databases, businesses from all industries are affected.
Large corporations like Sony Pictures Entertainment, that has the funds to invest in cyber security solutions, fell victim to an attack in 2014 from the North Korean Government, where terabytes of private data were taken and released to the public.
As the knowledge of hackers increase, no company or business is safe or immune to a cyber attack, and out of all the businesses and companies, small businesses are prime targets for cyber attacks.
Despite their lack of funds or nationwide recognition, small businesses are sought out by hackers and cyber criminals because of their low cyber attack defenses and lack of cyber security resources.
An infographic created by Towergate Insurance states that 97% of small businesses and companies didn’t believe that online security was a priority. A majority of the businesses, 82%, said they would never be targets for a cyber attack because their business didn’t have any data worth stealing.
Unfortunately that belief places security solutions low on the list of business investments, and leaves small businesses vulnerable and waiting for an attack.
While businesses assume that they don’t have any data worth great value, the Symantec January 2015 Intelligence Report shows that the top three types of data received during a security breach were names, home addresses and social security numbers.
No matter the size of the business, all businesses have customer and employee personal information that is profitable to a hacker and worth protecting. If hacked, a small business risks expenses, loss of clientele, and their reputation.
People might question a businesses’ customer service if a company fails to install basic security software.
Macate believes that no businesses of any size should take the risk of not investing in cyber security solutions under the false pretense that they are off the grid. Hackers sweep the web to find weak websites, and spend time crafting believable emails, waiting for that single click that will create a gateway to social security numbers, logins, passwords and so much more.
A security breach risk doesn’t outweigh the cost of security investment and all businesses should research their security solution options like Macate’s GATCA cyberphone. Equipped with intelligent human authentication, advanced software encryption to prevent hacking and spoofing, location based file protection and more, the GATCA offers the highest form of mobile security.
It’s 2016, and with the rate technology and hacking knowledge is spreading, businesses need to be on the defense. Small businesses aren’t off the hacker’s record, and shouldn’t compromise vital types of data and information to save a couple bucks.
See Small Business Hacking Statistics in our infographic below.