Exploring 4 Myths About Cybersecurity for Small Businesses

Small businesses are constantly having to do more with less, at least when they start out. Sometimes there are certain business measures that are sacrificed to keep lights on or pay staff, but one thing that should never be left out, no matter the size or kind of business, is cyber security insurance from a regional carrier, such as cyber security insurance in Carmel.

Small businesses are vulnerable to cyber attacks, just like bigger companies, especially in today’s world of digital dependency. According to the State of SMB Cybersecurity Report, hackers breached half of all small businesses in the United States. To help small businesses stay on top of cyber security health and protect sensitive information, certain myths need to be debunked to stay in the know.

#1: Antivirus programs are enough.

It’s great to have antivirus software installed in all hard drives, that much is true. But this doesn’t make your computers and data completely safe. There’s more to cyber security than installing some software and with people using smartphones and tablets on unsecured networks more and more these days the overall simplicity of hacking in is high.

#2: Strong passwords are the key.

This is partly true. Using a random series of numbers and symbols only you know will be a step in the right direction, but there needs to be more steps taken. Consider using two-factor authentication and always make sure passwords are never written down or stored on computers in documents. Password managers are available to help with this.

#3: Cyber threats aren’t that serious.

There’s been a lot of news around cyber threats and data breaches. From Facebook to politics to financial institutions, there’s a regular barrage of info out there surrounding data security. But some businesses, including small businesses, think this is all blown out of proportion or that cyber threats just won’t get to them because of their size. There are no exceptions to hackers looking to take any information that’s available.

#4: Having an IT professional on hand will solve issues.

It’s always great to have an IT expert in house or on call who can help with any concerns focusing on cyber security and data integrity. This won’t fully protect a small business from possible threats. What businesses, especially smaller ones, need is a combination of people, processes, and technology that can be utilized as layered support and protection against cyber hackers.

Remember, taking precautions like strong passwords, hiring IT professionals, and equipping computers with software are all good rules of thumb. But small businesses need to be aware that hackers don’t have just one target and don’t just aim high.


About Walker & Associates

If you’re in the market for a new insurance partner, do your homework to ensure a lucrative venture and positive relationship. Contact us online at Walker & Associates Insurance or by phone at (800) 213-7126 for your insurance needs. We can explain your coverage options and how much coverage will cost.