Frightening Business Security Facts You Should Know

Frightening Business Security Facts You Should Know

With Halloween upon us, people are going to seek out their tricks and treats. Have you stopped to consider how these tricks can impact your business?

Below, we have a few of the more frightening business security facts you should know so you can do what needs to be done to improve your current security measures.

Security Facts

Businesses deal with critical data and have valuable assets and information that they are responsible for safeguarding. Therefore, the security of the business is important to accomplish this.

Data breaches cause small businesses to spend upwards of $38,000 a year on average just for recovery efforts while other organizations lose approximately 5 percent of their revenue each year because of occupational fraud.

Just a few years ago, more than 70 percent of businesses and organizations experienced some kind of cyber attack, and approximately 75 percent of data breaches went unnoticed for weeks and sometimes several months.

When it comes to shrinkage, a business spends $60 billion per year on average, and more than 60 percent of all cyberattacks happen to target the smaller to mid-sized businesses rather than the larger organizations.

Avoid Becoming a Statistic

Yes, the numbers and statistics above are a bit surprising and daunting, but there are ways you can protect your business from becoming lumped into those statistics.

Security Best Practices

To improve your security, you should educate your employees on security best practices. It is also important to understand and practice proper password management.

How often do you change the passwords in your place of business? These need to be changed and updated regularly to lower your risk of a cyberattack.

Establish Policies and Procedures

It is also critical that you establish policies and procedures for work habits such as a bring your own device policy, remote workers, and also procedures for wearable devices.

Each business should also have a protocol in place if in the case of a physical, data, or IT security breach and IP surveillance cameras should be installed to deter and also detect intruders and theft in the workplace.

Upgrades and Updates

Additionally, all systems and software should be updated and upgraded regularly, and all necessary anti-virus and malware need to be installed.

It is also necessary to encrypt all sensitive data, including any and all confidential information, credit card data, and all medical files.

Bottom Line

There are many aspects of a business that need attention, and having the right security measures in place can make a big difference in becoming another part of the statistics we outlined above and staying out of them.

For more information on how you can protect your business and other ways, you can safeguard your digital files, contact Dyezz Surveillance & Security to go over your options to see what you can do to avoid becoming just another statistic.

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