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More than 40% of cyber attacks target small businesses every year.

Unfortunately, 92% of the companies who experienced a security breach were unaware until notified by a third party.

Such security breach can cost up to $50,000. For small businesses, this cost can bankrupt them. Statistics show that 60% of all small businesses who experience a cyber attack go out of business six months after the attack.

Don’t sacrifice your bottom line or your customer’s private information, and stay one step ahead of hackers with these simple tips.

  1. Make Cyber Security a Priority

Make it a priority to create a cyber security plan.

Set some extra time and money aside to install new software or learn what to do in the case of a security breach from a cyber security consultant. While this cost may seem expensive upfront, the consequences of not being proactive will end up costing much more.

Here’s a guideline to get you started.

 

  1. Restrict BYOD Policy

BYOD has been a controversial topic for many companies. While conducting business on your personal mobile device is efficient and necessary, there is a high risk of losing confidential company data during incidents such as theft or acquiring malware.

Consider investing in highly secure smartphones such as Macate’s GATCA Elite, the ultimate cyberphone that guard your data from all angles of intrusion. With its biometrical security feature, TrueFace and Coin SL, a feature that automatically locks down all GATCA Elites upon SIM card removal, employees can complete any type of work knowing that company data is fully protected.

  1. Increase E-commerce safety

Almost all consumers have shopped online, and a recent survey by the analytics firm comScore and UPS found that consumers make 51% of their purchases online. Hackers are also aware of this trend and target e-commerce sites to gain access to buyer’s credit card information.

Every year merchants lose millions of dollars due to fraudulent charges. Macate recommends the Gardevant Card for all businesses.

The Gardevant Card is a multimodal biometric card that requires the fingerprint of the cardholder to authorize all purchases. With end-to-end encryption, all credit card purchases are guarded in the case of a security breach, and cannot be retrieved by hackers. For more information, visit gardevant.com.

For more of the latest cyber security news and tips for the rest of the year, follow our Twitter and Facebook account!

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