By Reg Harnish
It’s that time of year when many of us start evaluating the past year and what goals we want to aspire to in the next. And although cybersecurity might not have as much allure as a six-pack (depending on who you ask), it’s crucial for your business’s well-being.
With an estimated $3.1B in losses and rising from cybercrime–whether from financial fraud, ransomware, or breach– it’s important to understand the sheer scope of the challenge. Although small businesses are increasingly adopting and investing in cybersecurity, 62% of small businesses are affected by cybercrime because the reality is that the bad guys are getting better faster than we are.
Embarking on a cybersecurity strategy can seem daunting, but at the core, we believe that cybersecurity success comes from doing the absolute minimum necessary to achieve your business mission. At a high level that means understanding how cybersecurity is affecting and contributing to your mission, and proactively and methodically thinking about how to apply controls (whether HIPAA, PCI, or other industry regulations) to:
Protect your intellectual property
Minimize disruption and loss
Protect against reputational issues