Launching your business venture can be incredibly exciting, but there is also so much to consider when taking the step. For example, it can be useful for startups to think about their target markets, how they will generate leads, and the key approaches they will take to marketing.
However, another incredibly important issue that cannot be forgotten is security. There are plenty of potential threats these days, so small businesses need to examine how they will protect their data and the information they gather from others.
Major global concern
It is easy to fall into thinking that cybersecurity is only a key concern for large organizations. After all, the size of their operations may mean that they have a range of information, including very sensitive data on employees, customers, and clients. However, recent research has highlighted how the issue is a global matter affecting smaller companies. In January, Infosecurity Magazine covered a study by insurance company Markel Direct. It found that 51 percent of SMEs and self-employed workers in the UK had been affected by a cybersecurity issue.
Some of the most common attacks related to malware and data breaches, while the study also highlighted the significant financial impact of such problems. Infosecurity Magazine explained that 68 percent of those polled said that breaches had left them facing costs of up to £5,000. However, considering such findings, it was interesting that 11 percent said they would not be spending money on cybersecurity. But, if you are looking to navigate your way through the issue, what are the key tools and concepts you should have on your radar? The Markel Direct study provided some pointers in that regard, as it highlighted that 88 percent of SMEs had some form of security in place. It also name-checked specific tools such as antivirus software and firewalls.
However, the options for protecting your data and organization do not stop there. For instance, if you are keen to ensure that new account holders or customers are who they say they are, you could consider a tool like identity verification. This page on the basics of the concept outlines how it can protect against identity theft, while it can be performed online in various ways. The site touches upon several methods, including biometric verification, facial recognition, and fingerprint scanning. Another option is one-time password verification, where a code is sent to an individual, proving they have access to a specific device or email account. Finally, another key topic that startups will want to be across is encryption. Business News Daily has created a small business guide on the issue, and it explains how it could reduce the likelihood of a breach. It adds that full-disk encryption could be the best option for small businesses.
Consider your options
Small business owners often have many plates to spin at any one time, and it can be tricky to keep on top of every single issue. However, the importance of cybersecurity mustn’t be lost in the mix. The matter is not just a concern for larger organizations, and there are many different tools out there that smaller firms can turn to. Whether you are an experienced business person or someone branching out on their own for the first time, security should always be on the radar. So, consider your needs and check out the tools that could keep you protected both now and in the future.