Did you know that 36% of all targeted cyberattacks are directed at businesses with 250 or fewer employees? A cyberattack can be as simple as an employee opening a malicious email attachment or leaving a computer unintentionally unlocked and unattended. Cybersecurity has become more critical now than ever. Here are five reasons why you should take cybersecurity seriously in your small business.

Cyberattacks can harm people

Much of our life and livelihood are connected to computers. Cyberattacks can happen globally and to government organizations. They can also target locations like nuclear facilities, which can harm or even take lives if not caught.

Technology changes fast

I’m sure you are aware of how often you need to update your phone’s IOS system. Updating your phone not only improves the quality and functionality of your phone, but also improves the security of your phone. Keeping your phone, tablets, and computers current with the latest updates can save you a lot of headaches.

Cyberattackers are getting smarter

Cyberattackers are becoming more knowledgeable about technology. Hackers can now use artificial intelligence and machine learning to trigger cyberattacks without a human behind them. These cyberattacks can pose a global threat and can be carried out on a massive scale.

Loss of jobs

Cyberattacks can result in millions of dollars in damages, data breaches, and fines. Loss of money can result in loss of jobs and businesses closing. Having a cybersecurity plan in place can prevent this from happening.

Identity theft

Cyberattacks not only happen to small and large businesses, but they can also happen to individuals. Identity theft is one of the most common risks out there. Identity theft occurs when hackers steal an individual’s personal information such as bank account numbers, social security number, or credit card information. Identity theft can cause significant privacy and safety concerns, including ransom demands.

Cybersecurity has become a growing threat globally, and this has resulted in an increasing cybersecurity industry. Companies are willing to pay large amounts of money to make sure they are not attacked.

October is Cybersecurity Awareness Month. Now is the perfect time to make sure you have a plan in place to protect your business from hackers. Small businesses are even able to include it in some of their insurance coverage. Reach out to a DSI agent about cyber liability coverage today.

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