Cybersecurity is the top concern today for all business owners. It is said that small businesses are the main target of cyber thieves, reported 58% of total data breach victims. And it is estimated that the cybercrime economy earns a whopping $1.5 trillion yearly.
But keeping your business website secure should be your main priority, there are many myths about cybersecurity, which you should be aware of else, you put your business at risk.
Many businesses have faced significant losses because they have blindly followed myths concerning cybersecurity.
Here are the popular cybersecurity myths busted. Stop believing them!
Cyber Attackers Target Only Large Businesses.
A study conducted by The Keeper Security/Ponemon Institute SMBfound out that54% of SMBs think their businesses are too small to be targeted by Ransomware.
But reports of data breaches on small businesses say otherwise. In 2018, there was a rise of 424% in new breaches of small businesses.
No business, large or small, is immune to cyber-attacks, but small businesses are the primary targets for several reasons. Most small businesses are unable to pay for dedicated IT staff. For one, they don’t have an adequate computer and network security. Plus, they don’t have a backup plan, and the employees are not offered cyber security training.
Thus, small businesses regularly have to deal with email, and phishing scams, server attacks, man-in-the-middle attacks, social engineering attacks, and passwords are compromised.
SSL Certificates Are Unaffordable
Yes, there are expensive SSL certificates, but there are many budget-friendly SSLs as well, which even a small business can afford.
The price factor should not deter you from leveraging the security measures provided by SSL certs. For instance, ClickSSL is a trusted reseller that can offer you digital certificates at affordable prices. You can secure one website with Single Domain SSL Certificate or choose Multi-Domain SSL Certificates to secure multiple sites and unlimited sub-domains. You will also get to prove business reliability and gain customer trust by displaying trusted green lock and HTTPS in address bar. All for a low price!
Not All Industries Experience Cyber-Attacks.
The retail and financial sectors are indeed the most targeted industries by cybercriminals. But no industry is immune to a credit card hack or data breach.
Below is the list of industries that are most likely to be attacked by cybercriminals.
The motives behind cyber-hacks vary. Cybercriminals are mostly looking to gather personal information for identity theft, payment information for financial gains, and personal medical information to receive medical treatments or purchase medications.
Almost every business will have personal or payment information from its customers. So, all industries are vulnerable to cyber threats.
Cyber Security Threats Are Only External
You are making a big mistake if you think cybersecurity threats come only from the outside.
A study conducted by Varonis found that in 53% of companies, more than 1,000 sensitive files are made accessible to each employee. A disgruntled employee or an ignorant employee may give out information to hackers knowingly or unknowingly, leading to a data breach.
As per research, 75% of data breach incidents are caused by internal threats.
Your Passwords Are 100% Safe.
Doesn’t stay assured in the belief that your passwords are 100% secure? Actually, no cybersecurity measure is 100% secure. Even when you have used several numbers and special characters while creating your passwords, there are always odds of hackers cracking them.
Cybercriminals are making use of the next level tools to breach user’s information. Your best bet is to create the strongest passwords possible and keep changing them regularly. Ask your employees to do the same too. Additionally, use two-factor authentication.
Installing Antivirus Software Is Enough.
An antivirus can safeguard your website from potential attacks, but it is not enough.
Tools used by hackers are capable of disabling antivirus software, and they can conceal their attacks in the system.
Note that antivirus is only the beginning of a wide-ranging cybersecurity plan. You will have to execute an all-inclusive solution. Training your employees, detecting insider threats, and disaster protection are all included.
Cyber Security Is Only For The IT Department.
IT has a significant role to play in cybersecurity, but they can’t do much alone. The responsibility has to be taken by every employee to keep the company’s data safe.
Employees should be trained to spot phishing scams and should be warned about opening unsolicited emails or clicking on suspicious links.
It has been estimated that 90% of data breaches were caused by human error in 2019.
Each cyber-attack is targeted.
Another myth concerning cybersecurity that all cyber-attacks are targeted should be done away with. Targeted attacks don’t occur all the time.
Hackers target vulnerable systems like outdated software or plugins and search for an opportunity to attack.
Try to differentiate between targeted attacks and opportunistic ones so that you can take precautionary measures to safeguard your organization against the attacks.
You Can Tell Immediately When A Cyber-Attack Occurs
This is not true. A survey has found out that, on average, it takes 197 days to identify after a data breach takes place.
You can’t immediately detect a data breach because the malware created by hackers today is stealthy. If you notice pop-up ads or if the web pages are loading unusually slow, your site might be compromised. In extreme cases, your site might even crash.
The data breach response time can be determined by factors such as preparation, technology, and how far a business is adhering to privacy laws.
It Is Okay To Use Personal Devices That Are Not Secured
Personal devices are often the cause of major data leaks. If you are allowing employees to use their devices at work, ensure that the devices they use are secured.
As per the Ponemon Institute report, an infected smartphone can cost$9,485 on average to an organization.
Your BYOD (Bring Your Own Device) policies should cover not only laptops and mobile phones but also all other devices that can access the internet, such as wearable.
These are the popular cyber and web security Perceptions that you need to stop believing. They can put your organization at risk. Keep yourself updated with the latest trends in cybersecurity as it is ever-evolving.
And remember that keeping your business safe from cybercriminals is a continuous effort. There is no one-size-fits-all strategy for securing your business from cyber threats. You will have to apply several measures to keep the bad actors at bay.
Moreover, each employee needs to participate in safeguarding the company’s information. They need to be trained about the security measures. Most importantly, cybersecurity myths should be debunked.