Since July 2018, all sites that are not secure show (not secure) on Chrome Browsers. Google’s algorithm also values security in ranking.
The large corporations tend to get a lot of media attention when it comes to issues regarding cybersecurity, but it turns out that hackers, more often than not, target small businesses. 43% of cyber attacks are aimed at small businesses, and unfortunately, only 14% are able to mitigate such risks effectively. This is partly because major corporations, with their deep pockets, can dedicate extensive resources to cybersecurity — this is certainly an advantage that not every business, especially smaller ones, can afford. However, some small business owners do not take cyber security seriously. Being small is not protection against threats!
It’s sometimes hard to quantify the impact of cybercrime since the results of these attacks range from being annoying to financially crippling. However, Symantec (most commonly known as the makers of Norton brand of security software) and BigCommerce, an e-commerce platform, have attempted to quantify the costs of such crime. Based on their data, the cost of a data breach to an online retailer is roughly $172 per impacted record. It’s no surprise that 60% of businesses go out of business within six months of a cyber attack.
As such, cyber security isn’t something to be taken lightly or neglected. There are many things you can do to protect yourself. Entrepreneur, Hiscox, and Small Business Trends all offer tips on keeping your site safe.(All of these linked articles target small business owners, so the suggestions have been made with a smaller budget in mind.)
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