Why Your Business Needs to Take Cybersecurity Seriously: A Closer Look
The business landscape is rapidly changing. Now, 61% of businesses use either one or multiple clouds in their organization (source: Exploding Topics). This is great, as using cloud technology provides businesses with a ton of exciting benefits, such as being able to let their employees work from home. However, there’s one downside to the cloud computing trend: cyberattacks.
It’s estimated that a company falls victim to a cyberattack or ransomware attack every 14 seconds — yep, just 14 seconds. Whether you’re a small startup or a big international business, you could be next. This is why you need cybersecurity.
In-House vs. Outsourced Cybersecurity — Which is Better for Your Business?
When it comes to cybersecurity, you have two options:
- Hire IT experts and do the cybersecurity in-house
- Outsource your cybersecurity to a third-party company
The likelihood is that you currently don’t employ any trained cybersecurity experts. This is why the smart thing to do is to outsource your Cybersecurity and Operational Technology. Doing this will save a ton of time and money while providing you with the secure cybersecurity operations that you need to stay protected.
Why Your Business Needs Cybersecurity
Let’s examine some of the key reasons why your business needs cybersecurity. If you were on the fence before, you’ll understand the importance of cybersecurity after this.
1. Secure Your Data
Your business has a lot of sensitive data stored over the internet, right? From customer bank details to important tax documents, the list is endless.
For a second, imagine that a cybercriminal gets their hands on this data. For example, they hack into your system and steal all your customers’ bank details. This would be a nightmare situation and lead to all kinds of problems, which is why you need strong cybersecurity measures in place to prevent cyberattacks from happening. If you don’t, it’s a little bit like going to sleep at night with your front door wide open — it’s just asking for trouble!
2. Reduce Financial Damages
When a business falls victim to a cyberattack, it often results in financial damage. During these harsh economic times, these financial damages can be so severe that they can even lead to businesses temporarily (or permanently) having to close down.
3. Prevent Harm to Your Business’s Reputation
Most business owners take great pride in their company’s reputation. You’re probably the same. After all, if you’ve been active for a long time, you’ll have spent countless years working hard to build a positive reputation in your industry.
Sadly, cyberattacks can bring any company’s reputation crashing down to the ground. It doesn’t matter if you’ve always had a flawless track record — just one cyberattack can destroy your brand image in the blink of an eye.
Let’s go back to the previous example of having your customers’ bank details stolen. This is something that would cause great distress to your customers and lead to many of them switching to a different company. Not to mention, the cyberattack would likely also make the local press, so when people google your business name, it would be one of the first things that they’d see.
Over the next decade, businesses of all sizes will be increasing their cybersecurity budgets. This makes perfect sense, as cyberattacks are one of the biggest threats that organizations face today. You should do this, too. Remember, it’s easy to outsource your cybersecurity in 2023, which will then allow you to relax and go about your daily operations knowing you’re protected.