4 Mistakes Small Companies make in Cybersecurity

Cybersecurity is a hot topic these days. With all of the news about data breaches and hacking, it’s no wonder that companies are concerned about their cybersecurity. According to Cybersecurity Ventures, the cost of cybercrime damages will hit around 10.5 trillion USD per annum worldwide by 2025.

While many companies are aware of the importance of cybersecurity, few understand the common mistakes they make that leave their networks vulnerable. In this post, we’ll outline four such mistakes and provide advice on how to prevent them. Stay safe out there!

Mistake 1:

Being unaware of cybersecurity threats

You may believe that attackers and hackers only attack large firms and organizations.

Or you may think that only companies which require credit cards and money transactions are vulnerable to hacking. That, however, is not the case.

Cybercriminals are everywhere and are always looking for ways to access your company’s secrets and assets by exfiltrating the data. That’s why every small and large business needs a robust cybersecurity system.

Mistake 2:

Fail to Update your Security System Regularly

Another mistake is that most businesses need to update or revise their security systems regularly. In today’s digital world, where everything is changes or updates at a breakneck pace, failing to keep up might put your company’s security at risk.

You can save money by not upgrading your security software. However, if adversaries discover a new way to breach your system, it may cost your company a fortune.

Mistake 3:

Trusting free Antivirus Software

Although free software performs a good job of securing your company data, it can’t replace the paid versions. So, why would you want to expose your company to cyber threats? Do you do the same with your house lock or any other valuable item? If not, try investing in well-paid antivirus software and keep it updated.

Mistake 4:

Not Educating or Training Employees

You may think that only the cybersecurity department has to be concerned about viruses and threats. But that’s not true. In 2022, a study found that 86% of cyber crimes are caused by human error. Even by opening a file or clicking on an email, anyone in your firm might be vulnerable to a cyber assault.

And when someone gets hacked, the hacker may be able to go further into the system to steal more information. That’s why training and raising awareness about cybercrime is an important aspect of defense strategy.

Bottom Line

Since most businesses rely on online forums, you are more likely to be targeted by hackers, even if you are a small company. Avoiding these four common cybersecurity mistakes can help keep your company’s data safe and secure.

Have you made any of these errors in the past? Are you taking steps to prevent them from happening in the future? Let us know in the comments below!