These are among the most common cybersecurity misconceptions.
A strong password is enough to protect my business.
Strong passwords are the first line of defense in any cybersecurity plan; however, having a strong password is only the start. Passwords can be hacked, phished and leaked to criminals. It is important that your organization has additional measures in place including multi-factor authentication, data monitoring, and a strong password policy to ensure employees are using resilient passwords and changing them regularly.
Small and medium-sized businesses aren’t targeted by hackers.
While larger organizations are in the news more often for high profile attacks, it is actually the small and medium-sized businesses that are targeted more frequently. 58% of data breaches are targeted at small businesses. It does not matter if your business is less than 100 employees or more than 10,000, all sized businesses are at risk for an attack.
It’s just a tech’s responsibility.
While tech’s are responsible for implementing and reviewing cybersecurity policies, being safe online is the responsibility of every person in the organization. People are responsible for over 90% of online attacks, so employees should be trained properly on how to spot an attack. In addition, employees and tech teams should regularly review their cybersecurity policies so they are up to date.
Employees will know will their computer is infected.
Today’s modern malware is much stealthier and harder to detect. Depending on the program, it’s possible an employee will not know their device has been compromised for months.
It requires a huge financial investment.
Companies do not have to make a huge financial investment to protect their company’s data; however, it can be a costly mistake if they make no investment at all. The average cost of a data breach in 2020 is $3.86 million with 60% of businesses forced into bankruptcy within 6 months of a data breach.
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