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4 Reasons Why Your Small Business is an Easy Target for a Cyber Attack

Have you had your identity stolen or your bank account hacked? Did it devastate you? If you have, you understand the headache it is to get your money back or your identity back. 

Now, can you imagine one of your clients calling you and letting you know that their data breach was traced back to your business? We know you think you are too small for hackers. We know you think hackers are too busy to care about your clients, but unfortunately, the opposite is true. As a small business, hackers are more likely than less, interested in your and your clients. 

At CloudNexus, we understand how devastating it can be when a small business has been cyber-attacked because it thought it was too small to have it happen to them.  

The truth is that cyber attackers love unexpecting small businesses. And the unfortunate reality is that many small businesses are already hacked as they read this and don’t even know it. In today’s blog, we will review four common reasons why your small business is an easy target for a cyber attack. 

  1. Not Having an IT Budget Line Item – When small businesses come up with their yearly budgets, little to no money is set aside for cybersecurity. Some small businesses don’t think they are large enough to put aside money in the budget. In contrast, others don’t even believe that they would be subject to an attack, so it never crosses their mind to budget money for it. Unfortunately, a minimum of 33% of customers leaves when a company has a breach of data. Which is so much more expensive for the small business than putting money in your budget for cybersecurity.
  2. Not Having An IT Security Policy and Procedure – Cyber attackers understand that large companies have cybersecurity in place. They know how hard they would have to work to get into their systems. Unfortunately, hackers know how easy it is to crack small business’ antivirus programs, firewalls, and intrusion prevention systems. And with no policy or procedure in place to deal with an advanced attack, the damage is done before a small business realizes they were attacked. 
  3. Storing Important Data – Hackers know that small businesses keep a lot of essential data from their customers. This data includes credit card numbers, emails, insurance information, and personal data. Data is worth much money in the wrong hands. 
  4. High Returns vs. Low Risk – The amount of risk associated with hacking a small business is minimal compared to the high return of information gained for the hacker. The fact is those small businesses that are attacked rarely report them. If they do, the hacker is seldom caught, because attackers can attack from anywhere in the world. 

We encourage every small business to stop what they are doing and contact us today for a FREE pre-cyber security analysis at 502-440-1380. It could be the difference between keeping your business open for years or closing because your current clients no longer trust you. 

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