Is Your Cyber Security The Fortress It Ought To Be?
The Price Of Losing Data
When a Cyber Security breach happens, there are usually a lot of losers. Unfortunately, if your Company is at the centre of it, then you’ll lose the most. Perhaps the most obvious consequence of failing to secure customer data is losing the trust of customers and the public—and the more sensitive the data, the bigger the issue in trust.
So, lets say I am the customer, we’ve built a good relationship up together, I give you private information and then as a company, maybe innocently unaware at the time, that you have now put me at risk of identity theft or financial loss because you can’t keep my information private, that’s grounds for terminating my relationship with you. If I can’t trust you to protect my data, how can I trust you to meet other terms of our relationship.
Breaches can seem devastating when they’re occurring, yet often it’s the aftermath of the breach that harms a company the most. An erosion of trust cuts deep, but recovery is possible if handled correctly— but let’s be honest here, we all know that prevention is better than cure.
Research shows that in the first half of 2019 cyber-attacks on British Businesses were up by over 40% on last year. With this in mind, it is not ridiculous to assume that an attack will likely happen to your business in the near future. Despite this fact, surveys also consistently show that companies feel underprepared or not prepared for cyber security breaches.
Understand that even Small Businesses are a Target
Every company—small or large—is a target in the digital age. The big companies that have been targeted, make headlines, like DoorDash, British Airways and B & Q, who have all been affected this year, but data compromises occur every single day. Moreover, cybercriminals are increasingly targeting small businesses because they tend to be more vulnerable, but the realism is, that sadly they will hit any vulnerable business, whatever the size.
With the advent of new hacking tools and out-of-the-box scams, it’s painfully easy for anyone to become a hacker. Don’t succumb to a false sense of security.
The excuse of being underprepared for a cyber incident is running out. Having the basic defences in place, as well as a clear idea of how your processes are tested and how you would act should an incident occur is within everyone’s grasp. With the right information and support is out there.
Every Business needs to be alive to the risks of a data breach. Failing to keep your security arrangements up to date massively increases the risks to your business. Cirrus Technology Solutions works with industry-leading partners so we can supply you with the most comprehensive security solutions to protect your IT networks. Contact us to talk through your options.https://www.thinkcirrus.co.uk/contact-us/