The cost of cybersecurity and your business bottom line may seem at odds with one another. However, without IT staff dedicated to fighting the hackers who want to hurt your customers, you’re risking that bottom line daily. Protecting your clientele is more than good service, it’s the only way to ensure that your business will stay afloat.
What is cybersecurity?
At its core, cybersecurity, also referred to as cybersecurity, means protecting your computers and systems from having people gain access to your information or disrupt your business.
For your business, this might seem like something that can be accomplished with the right anti-virus software. Boot up your computer, install your antivirus, and be ready to go. Unfortunately, malicious attackers, commonly referred to as “hackers,” know how to circumvent those systems.
More importantly, if your business deals with customer information, you need to protect the electronic information as stringently as you would the old school documentation. Back in the olden days of the 1990s, law firms might lock printed documents in cabinets when not being used, and the keys to those cabinets would be held by only a few people.
Today, cybersecurity provides the keys to the digital cabinets where businesses store information.
What are some examples of cybersecurity for your business?
Just like placing a lock on your doors or cabinets to keep out intruders, you need to place locks on your systems and data.
These locks can come in a variety of forms. The most ubiquitous would be encryption of data. Encrypting your data can be done in a variety of ways, but the safest would be end-to-end encryption. Just like the name implies, this means garbling up the information at both the user end and the storage end so that only those who have the right decoder can read it.
Even better, you can keep intruders out before they even reach the locks. Intrusion prevention is a way to catch hackers before they touch your systems. By monitoring internet traffic, intrusion prevention can identify and block a variety of malicious behaviors, stopping a hacker before they reach your systems. This is like having a motion detection sensor outside your home before a thief reaches the building.
Monitoring your systems can help you identify and stop a threat before it leads to a breach that can cause financial and reputation losses.
What is a vulnerability?
A vulnerability is a flaw or weakness that reduces a system’s safety.
Think about your IT systems as being a really nice sweater. When that sweater snags on something, a thread comes loose. Since you didn’t know it snagged, the thread started to unravel the sweater leading to a hole. This hole ruins your sweater.
A vulnerability is a hole in your systems that can lead to ruining your information safety by allowing in hackers. Cybersecurity needs to be seen as integral to keeping your company profitable.
What is a breach?
Everyone hears the term “breach,” but understanding its technical meaning feels illusive. A breach means that someone had unauthorized access to sensitive, protected, or confidential data. This doesn’t mean that someone downloads your information. A cybersecurity breach means any view or use of your information. This wider definition makes cyber threats even riskier.
What is a patch?
A patch is a software update that fixes a vulnerability. Referring back to the sweater analogy, if you’ve ever had a hole that you needed to sew up, the patch does this to your IT systems.
Unfortunately, it’s not always easy to stay on top of what vulnerabilities are most dangerous and what patches have been released. Keeping your IT systems safe means continuously monitoring your landscape and reviewing them for the most recent software updates.
How does cybersecurity affect your business?
Customers choose your business because they feel that personal connection to the owners. Whether you sell real estate or provide legal services, your customers trust you with their most intimate needs.
This is why a breach can mean the end of your business. For those businesses like yours that experience a breach? 60% are out of business in 6 months.
Why do smaller businesses have greater cyber security risk?
Strong cybersecurity can present an overwhelming cost to your organization. This means that you might be relying on standard applications and software to help manage your risk.
The need to continuously monitor cybersecurity risks takes time and manpower. When you’re using out-of-the-box standardized software, you’re only looking at a single layer of protection. Creating a strong defense requires a multi-layered cybersecurity program to address the multitude of risks. Because your business has limited resources, they are prime targets for hackers.
Unless you are devoting an individual and purchasing leading cybersecurity solutions to defend your information systems against an attack, your risk is significant.
How can you protect your your business with Todyl?
Todyl provides a cybersecurity team that matches your budget. You can’t afford to hire a whole team and all the technology needed because you’re busy in the trenches. Todyl moved the expensive hardware necessary to protect you and your customers to the cloud to provide you with a cost effective cybersecurity management plan. This means you can protect your business and your customers.
Sign up today for your free trial to see how Todyl can add benefit to your organization while keeping everyone safer.