Small businesses rely largely on technology and digital assets to operate smoothly and effectively. These digital assets are extremely valuable, ranging from client data to proprietary information. According to a report by Verizon, 58% of cyber attacks target small businesses.

The growing quantity and sophistication of cyber attacks, combined with the limited budget of small businesses, can lead to severe ramifications for their digital infrastructure.

The good news is that even on a limited budget, there are still measures small businesses can take to safeguard their digital assets. For example, small businesses can:

• Train employees on proper cybersecurity practices, such as using strong passwords and not falling for phishing attempts.
• Regularly update all software and applications to patch any known security vulnerabilities.
• Implement multi-factor authentication (MFA) for all accounts.
• Use virtual private networks (VPNs) to secure internet connections.

Protecting your digital assets on a limited budget is possible and necessary. Not doing so can have serious consequences for small businesses, including loss of revenue, negative brand reputation, and even lawsuits.

By implementing these measures and staying vigilant, small businesses can minimize their risk of being impacted by cyber attacks.

Statistics show that the cost of a data breach for small businesses can be fatal, with 60% of small businesses that experience a cyber attack closing their doors within six months.

Protecting your business’ digital assets should be a top priority. Don’t let a cyber attack ruin everything you’ve worked hard to build.