No Time? Here’s an Extra Day for Cybersecurity 

It’s easy to list the things we could tackle if we just had more time, especially within a Small Business.

The good news is that 2020 is a Leap Year, so we actually do have more time with a bonus day. You may think about Leap Year and the old tradition of women proposing to men on February 29th, and in business, you may think about how Leap Year might cause scheduling complications, especially for the Leap Year 2020 payroll. But the real purpose of Leap Year is to help us get back on track with the astronomical year. Why not use the extra day to get on track in other areas, too—most importantly, your cybersecurity?

Re-Thinking Small Business Cybersecurity

Think cybersecurity is only important for enterprise companies? Think again. Here are a few reasons why small businesses should re-think whether their data, and their customer’s data, is truly secure:

  1. Small Business is a target: Over 50% of cyberattacks target small businesses, and the average cost of an attack to a small business has been shown to range from $200,000 to $1.4 million. Cyberattacks are happening to all businesses, and they can be extremely damaging: We recently spoke to a small business that suffered two weeks of downtime due to a ransomware attack. Ouch!
  2. Customers demand cybersecurity: Small businesses in many industries are getting hit with third-party cybersecurity assessments, questionnaires, and sales inquiries from current or prospective customers who want to know how their sensitive data is protected. A strong cybersecurity posture can be a huge differentiator and a sales tool. Imagine if you could show prospective customers that you take cybersecurity seriously—you would have a huge advantage over the less security-conscious competition. On the flip side, if you didn’t have strong cybersecurity measures in place, you won’t be able to pass the assessment and may risk losing current and future business.
  3. Cybersecurity is the law: In a growing number of sectors, cybersecurity is no longer optional. Federal and state cybersecurity legislation and industry compliance standards mean that businesses of all sizes must have specific cybersecurity protections in place or face fines, lost contracts, or legal action.

To best protect your business, your customers, and your profits, you truly should be thinking about cybersecurity 366 days a year.

Taking the Leap

Starting to improve your company’s cybersecurity can take just five minutes, so think of all the things you can do with an extra day. An effective cybersecurity program should be comprehensive, but it doesn’t have to be complicated or difficult to get started.

The first step is usually a cybersecurity assessment to show you where you stand. A comprehensive assessment will cover many components of your cybersecurity posture: company policies and procedures, employee cybersecurity awareness training, technology use and protections, and more. Once you have a high-level view of your cybersecurity health, it’s a lot easier to begin to make improvements.

So what do you say—are you ready to take the leap into a stronger cybersecurity posture with Leap Year 2020?

Stay Safe,

Your Friends @ Defendify

Resources & insights

Why You Could Be Denied Cyberattack Insurance Coverage
Why You Could Be Denied Cyberattack Insurance Coverage
As you’re working toward achieving robust cybersecurity, the subject of cyber attack insurance coverage and cybersecurity insurance requirements is sure to enter the discussion.
Cost of a Cyberattack vs. Cybersecurity Investment
Cost of a Cyberattack vs. Cybersecurity Investment 
Detailing the cost of a cyberattack versus the ROI of a cybersecurity investment enables leadership to see cybersecurity solutions are worth it.
Defendify Listed as a High Performer in Six G2 Grid Categories
Defendify Listed as a High Performer in Six G2 Grid Categories
The Defendify Cybersecurity Platform has been listed as a High Performer in six Summer 2022 Data Security Software Category Reports on the technology review site G2.

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