Alexis S. Becker
Better security protocols are critical for post-pandemic success
In part one of our series, we covered one of the most prominent issues facing small and medium-sized businesses (SMBs): the ability to attract and retain high-quality talent in an ultra-competitive marketplace.
In our second installment, we are going to address vulnerable technology, and why SMBs need to focus on cybersecurity in 2022.
MAXIS® by Freed Maxick is a service for leaders seeking to perform smarter and operate more productively and profitably. While we know your day-to-day obligations are enormous, we advise elevating these two issues to help lead effectively, operate securely, and sleep better!
Cover Your Assets: Cybersecurity for SMBs
If you think hackers target only large, successful companies, think again. SMBs are often the easiest targets for cybercriminals. Unfortunately, many businesses have no idea where their exposure lies, whether through their own vulnerabilities or through those of third-party vendors, like payroll, email, and billing software, which can make it easier to steal information.
While most organizations have some element of security, it is, more often than not, unsophisticated and outdated. With the turmoil experienced in the last two-plus years, it should be no surprise that a recent article in USA Today reported, “The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency is urging small business to take immediate steps to defend themselves.”
SMB Cybersecurity Statistics in 2021
According to the “Verizon 2021 Data Breach Investigations Report,” “In studying small and medium-sized businesses, concluded the number of small business breaches increased to mirror almost exactly the number of confirmed breaches in larger organizations.”
Organizations may not even realize that accompanying the susceptibility of theft and extortion is a serious threat to their brands. Assets like intellectual property, competitive information, and proprietary data can have dire consequences if compromised. Protecting a brand is expensive. But while the cost of your reputation can be calculated, the value of customer and vendor trust is immeasurable.
What you can do to alleviate the strain of SMB cybersecurity:
Future Focused Accounting & Advisory Services
Whether supporting the proactive contributions of employees, automating systems for better efficiency, moving assets to the cloud, or helping to protect your brand, MAXIS brings expertise and insights that make us the ideal partner to deliver the highest levels of strategic leadership, consistent results, and extraordinary business value.
The legacy of the pandemic is that rapid transformation is the new speed of business. SMBs that aren’t staying ahead will fall behind — fast and far.
While timing and other factors can vary depending on the current state and complexity of the organization, our insights bring solutions to some of the most stressful situations. Interested in learning more? Contact Alexis Becker for a complimentary consultation at 716-847-2651 or email@example.com.