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SMBs Lacking Cybersecurity Face Tough Road

Entrust

All too often, companies will fail to address the issue of enterprise security until it’s far too late. That is, many businesses only realize the importance of defending the organizational infrastructure after an attack on it has already happened. As Bob’s Guide contributor Torgny Gunnarsson pointed out, the price paid for poor security can be a very steep one.

Failures in Safeguarding Will Rack Up Huge Tab for Companies
For far too many companies out there, it’s all too easy to turn a blind eye to the importance of firming up enterprise defenses. But as Gunnarsson asserted, the issue of guarding the business platform has never been more paramount, considering that so many corporations out there are leveraging new technology as a part of everyday business.

Of course, with the innovations that these cutting-edge developments bring, they are also accompanied by heightened security risks. For example, a medium-sized business that launches an e-commerce platform will not only reap the benefits of online business, but will also have to face the possibility of a malicious incursion via the Internet payment system. For this reason, any move toward adopting new technology must be accompanied by a strong push toward added digital security such as strong authentication.

“As businesses store increasing quantities of data on their customers, the incentives for the unscrupulous to get hold of that data has increased,” Gunnarsson — who is himself a CEO — pointed out. “The quantity of data that can be swiped in an instant is staggering.”

When it comes to the price paid for a company data breach, we’re not talking about chump change. An attacked enterprise can easily rack up millions of dollars in recovery costs stemming from a malicious incursion — and that’s to say nothing of the losses in reputation and customer trust that also accompany a security episode.

While these incidents are increasingly common among all types of companies, there’s one sector that’s particularly vulnerable: small business.

Small Businesses Must Up Their Defenses or Risk Attack
According to AZCentral, small business owners face a heightened degree of risk when dealing with the rampant cybercrime out there. The reason smaller enterprises make such lucrative targets is because small operations tend to lack the robust security infrastructure of their larger counterparts. Hackers are aware of this and tend to exploit the security shortcomings in smaller-scale enterprises. However, there are certain steps that such companies can take to avoid becoming the next victim. These include:

  • Enacting a strong authentication solution on all points of entry to the company system. That way, even if a criminal has one authentication code, they’re unlikely to have the second one and therefore will be denied access.
  • Conduct regular inspections of business computers making sure that software is properly updated and that viruses aren’t present.
  • Keep all employees in the loop about cybersecurity. After all, enterprise security is no longer just an IT issue — it’s something all employees must be cognizant of and have a responsibility to maintain.
Entrust
Entrust

Entrust provides identity-based security solutions that empower enterprises, consumers, citizens and websites in more than 5,000 organizations spanning 85 countries. Entrust's identity-based approach offers the right balance between affordability, expertise and service. With more than 125 patents granted and pending, these world-class solutions include strong authentication, physical and logical access, credentialing, mobile security, fraud detection, digital certificates, SSL and PKI.

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