10 Cybersecurity Myths Revealed! Is Your Small Business at Risk?

In this day and age, cyberattacks are a real threat.

Businesses, both big and small, are vulnerable to malicious activities, yet only the wealthiest can afford state-of-the-art digital security measures. If you’re no professional yourself and your team is small, you may inadvertently put the safety of your business at risk.

That’s why it’s crucial to know what goes into digital security. Information prepared by experts, such as the 2021 cyber security report, can give you an overview of the issue. In a moment, you’ll learn about 10 common misconceptions regarding cybersecurity. If you want to find out what keeps your company from being safe, read on.

1. A Strong Password Is All You Need to Keep Your Business Safe

If you have your own business network and employees working for you, you probably use a system of passwords to protect sensitive information. However, a set of codes won’t keep your company safe. To make it even more secure, you should use two-factor authentication, data encryption, and data monitoring.

2. Hackers Won’t Target Your Small Business

Just because you have a small business, it doesn’t mean it’s safe from cyberattacks. In fact, the 2018 Verizon Data Breach Investigations Report showed that out of all the victims of data breach attacks, 58% of them were small businesses. In short, every business, regardless of its size, can be targeted by hackers.

3. Some Industries Are More Prone to Cyberattacks Than Others

You may think that only big companies or government organisations are at high risk of cyberattacks. After all, they’re in possession of valuable information, and that’s what hackers are looking for. However, it’s a common misconception - any business with sensitive data can be targeted by cybercriminals.

4. Antivirus and Anti-malware Software Keep You 100% Safe at All Times

You may be tempted to believe that all those heavily advertised antivirus and anti-malware software will make your business completely foolproof to cyber attacks. That belief is amplified, especially when you paid so much to get it up and running. Sadly, it will never give you a 100% guarantee that no attack will ever happen. However, it’s always better to have antivirus software installed because it does its job, and only the most advanced viruses get through.

5. There Are Only Outside Cybersecurity Threats

When you think about cybersecurity threats, it’s the ones from the outside that come to your mind first. These include cybercriminals, hackers, competitors, and malicious people outside your organization who use DDoS attacks, malware, malvertising, ransomware, and phishing to gain access to your business network.

However, inside threats can be equally dangerous. They involve data breaches and leaks caused by your own employees. While some of these breaches are accidental, others may be malicious, and you should be on the lookout for that.

6. Your IT Team is Fully Responsible for Cybersecurity

Every company, big and small, has teams responsible for their respective tasks. As such, many business owners believe that the tech or the IT department should be accountable for cybersecurity. That, however, is a team effort. That’s why you should educate all of your employees in cybersecurity matters and ensure they know what kind of threats you could be facing and how to counteract them.

7. Wi-fi With a Password Is 100% Secure

It seems we need the internet 24/7, that’s why public wi-fi networks are so widespread. You can go online in a cafe, store, or even on a public train. In many cases, you’ll need a password. However, that doesn’t mean the network is safe. Even with a password, public wi-fi can be compromised.

8. You Can Easily Detect When Your Device Has Been Compromised

You may think that you’d know right away if your device has been compromised by malware. That’s not true because the biggest weapon of cybercriminals is discretion. As such, modern malware and viruses of all sorts are stealthy, and they’re designed in a way to be extremely hard to detect.

9. You Don’t Need to Secure Personal Devices at Work

You probably arrive at work with a phone, maybe a laptop, and other smart devices that can connect to the network. These are your personal items, so they should be safe, right? Not necessarily. A cybercriminal can break into these devices, including wearables, used only by you. When that happens, they can, in turn, compromise a network system at your workplace.

10. It’s Possible to Be Completely Secure From Cyberattacks

It’s a goal for sure, but experts are certain it’s impossible to achieve. New security measures are being developed and deployed every day, but so do new methods of cyberattacks. That’s why it’s important to stay vigilant and be prepared for the worst.

The Bottom Line

These are the most common beliefs regarding cybersecurity that are, unfortunately, not entirely true. Have you believed in some of these statements? Or maybe you’ve learned something new? Hopefully, you’re now more aware of what contributes to a secure system.

If your business follows some of these incorrect practices, it’s time for a change. Fortunately, you now know which areas require your attention. We guarantee that once you implement any necessary changes and updates, your small business will be more secure from both internal and external attacks.