Cyber Attacks are in the news again. Last week domain registrar Network Solutions suffered a denial of service attempt impacting the websites of their customers. Cyber attacks like this are high profile and always in the news. This raises the questions, are small business vulnerable to cyber attacks?
Small business are Targets of Cyber Attacks
Cyber Attacks are as likely, or more likely to occur on small businesses. Cyber attackers know small businesses may have less protection, thus making them easier targets for cyber attacks. Larger companies may have entire departments dedicated to cyber security. Harder to hack and quicker to detect, larger organizations may be tougher to penetrate and exploit with a cyber attack. Meanwhile, small businesses may have less protection against a cyber attack, leaving them more exposed and less likely to detect a cyber attack.
Small Businesses may be Less Resilient from Cyber Threats
Larger organizations not only are likely to respond quicker to a cyber attack, but have stronger brands and deeper pockets to withstand the impact of a cyber attack. When a cyber attack occurs there may be financial penalties for non compliance with industry regulations (e.g. PCI regulations). What’s more, the impact of a cyber attack may also cause loss of brand equity as a result of the negative publicity related to a cyber threat. In most cases a cyber attack may be too much for a small business to recover.
How do I Protect my Business from a Cyber Attack?
Consider contacting your IT Service & Support specialist to conduct an IT security assessment. By performing an IT Security assessment you will gain a better understanding of your internal security policies and procedures, exposure to vulnerabilities, adequacy of your internal security training plans and overall readiness to respond in the event of a cyber attacks.
