Important Cybersecurity Tips for Small Businesses
High-profile cyberattacks at large companies have generated national headlines and raised awareness for the growing threat of cybercrime. Despite these attacks, almost half of Canadian small businesses say they do not allocate any portion of their annual operating budget to cybersecurity, according to a survey conducted by the Insurance Bureau of Canada.
Last year, 41 per cent of small businesses that suffered a cyberattack reported it cost them at least $100,000. Additionally, only 51 per cent of small businesses surveyed have important data backed up or archived. Many small businesses put off making necessary improvements to their cybersecurity protocols until it was too late because of the upfront cost. While it’s true that some cybersecurity efforts can be expensive and time-consuming, many cost-effective steps can be taken right now.
The following is a list of easily implementable security procedures for small business owners:
- Train employees in cybersecurity principles.
- Install, use and regularly update antivirus and antispyware software on every computer used for the business.
- Use a firewall when connecting to the internet.
- Download and install software updates for all computer operating systems and applications as they become available.
- Make backup copies of important business data and information.
- Control physical access to all computers and network components.
- Secure all Wi-Fi networks. If there is a Wi-Fi network for the workplace, make sure it is secure and hidden.
- Require individual user accounts for each employee.
- Limit employee access to data and information, and limit authority to install software.
- Regularly change passwords.
Did you know that 60% of small and medium businesses don’t survive after a cyber attack. Protect your business with Cyber Insurance, call us at 780.424.2727 or click here to get a quote.