With Halloween around the corner, everyone is looking for a good scare. But what happens when the spook is related to your business’ security?
Below, we outline a few frightening security statistics and how you can use them to fuel your business’ security measures.
Business Security Facts Keeping You Up at Night
Most businesses know that critical data, valuable assets and information security are important, but how many know why? The following statistics put business security into perspective:
- Data breaches can cause small businesses to spend $38,000 on average for recovery.
- Organizations lose 5 percent of revenue each year due to occupational fraud.
- In 2015, more than 70 percent of all organizations experienced a cyber attack.
- Seventy-five percent of data breaches go undiscovered for several weeks or months.
- Retail businesses lose $60 billion a year due to shrinkage.
- Sixty-two percent of cyber attacks are targeted at small to-mid sized businesses.
Avoid Becoming Another Security Statistic
Although the above statistics may be a bit startling, there are precautions your business can take to avoid these risks. To improve security, consider the following tips:
- Educate employees on security best practices.
- Practice proper password management.
- Create policies and procedures for new work habits, such as “Bring Your Own Device” (BYOD), remote employees and wearable devices.
- Create a protocol if an employee, or the company as a whole, experiences a physical, data or IT security breach.
- Install a monitored alarm system that connects directly to your smartphone, laptop or tablet, in addition to a monitoring center.
- Set up IP surveillance cameras to deter and detect burglaries or theft.
- Update or upgrade systems and software on a regular basis, including installing necessary anti-virus and malware.
- Encrypt sensitive data, such as confidential information, credit card data and medical files.
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