Four ways to protect your small business from cyberattacks

To protect themselves from cyberthreats, business owners should evaluate their online systems to understand where their data lives and what information needs to be kept safe. — AP

And dealing with the consequences of a cyberattack can be seriously detrimental to a business’s bottom line, costing approximately US$25,000 per year.1. Evaluate your online systems Lipton suggests reaching out to a legal expert, especially if you’re handling sensitive information like Social Security or credit card numbers, to get a better understanding of the consequences of a data breach and get a professional opinion on how to protect your data.

You and your employees are often the first line of defence in protecting your business from cyberattacks. In fact, according to the 2022 Global Risks Report by the World Economic Forum, 95% of cybersecurity issues can be traced to human error.

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