Significance of Small Business Cybersecurity

As a small business owner, there are endless responsibilities that fall under your domain. Even with the best staff in place, your management and guidance are needed throughout every part of the business. Your company’s cybersecurity preparedness is no different. As the owner of a small business, it is your job to ensure your business is operating with best practices to avoid a cybersecurity incident that could put your company or its customers at risk.  

The Importance of Cybersecurity 

Perhaps you’re wondering why exactly a flower shop, or a pottery studio requires anything more than a subscription to a standard security software service on the company computer. In fact, all businesses need a complex cybersecurity plan both for preventing and limiting exposure in the event of a cyber-attack. As the business owner, you are responsible for protecting customers’ personal and financial information, your company’s financial information, employees’ personal and financial information, and any proprietary intellectual property of the company such as product designs. Any shop that accepts payments or business with an employee, is a business which holds sensitive information that needs safeguarding.  

The Impact of Cybersecurity  

Having a plan in place and staff trained properly is a matter of preparedness. By being prepared, your business can avoid the costly damages of a cyberattack including theft, disruption of business, reputational damage, and network repairs. Avoid losing your otherwise loyal returning customers as a result of a broken sense of trust. Instead prepare your business with thorough cybersecurity safeguards.  

Now that you understand the significance of cybersecurity for your business, it’s time to dive deeper and begin exploring how to prepare your business and train your employees.