The news is filled with stories of data breaches that compromise security and cost millions. However, when it comes to your small business, what do you need to know about cybersecurity? While you don’t need to be a cybersecurity expert — that’s what we’re here for — the more you know, the better you can protect your assets.
The Different Types of Breaches
Data breaches release private data from your company, resulting in negative press, downtime, customer troubles, and financial strain. Moreover, losing customer confidence can be as catastrophic as the financial toll. Here are some of the most common types of cybersecurity breaches, and how they affect you.
Cyber-Attack: This one sounds the most ominous for a reason. Cyber-attacks are when hackers use phishing technique, ransomware, social engineering, or skimming devices to access private data or information.
Theft or Loss: This typically occurs around improper disposal or loss of devices, such as laptops, smartphones, tablets, USB drives, or any equipment containing protected information.
Employee Error: As unlikely as it seems, this type of data beach is more common than you might think. Primarily because a simple oversight or mistake — misplaced password, lost documents can lead to devastating losses for your business.
Insider Threat: Contrary to a simple error, an upset or opportunistic employee can also wreak havoc on your cybersecurity. A disgruntled staff member who knows the value of your private data can use that in a malicious attempt at a personal gain by selling or leaking information.
Now that you have a better understanding of the most common data breaches, you will be better equipped to protect your company against cybersecurity threats.