The impending GDPR (General Data Protection Regulation) will impact all businesses. SMBs are advised to consider the regulations and plan ahead ready for 2018 and …
The impending GDPR (General Data Protection Regulation) will impact all businesses. SMBs are advised to consider the regulations and plan ahead ready for 2018 and beyond.
How will the GDPR impact your business? The impending regulations will force businesses to pay close attention to data protection. A data breach can result in significant fines (up to €20 million or 4% turnover) alongside additional penalties that can have a serious impact on your business.
What does this mean for SMBs?
SMBs need to start preparing for the GDPR. A recent report by Dell has revealed that “Nearly 70 percent of SMB respondents in this region said they are not or don’t know if they are prepared for GDPR.” Lack of awareness and preparation amongst SMBs is concerning experts who are actively pushing organisations to take action.
The GDPR doesn’t roll out until 2018, but the strict regulations will force organisations to prepare early. It’s essential to address data protection across all areas of the business. From an IT perspective, this means safeguarding data and storing it responsibly. The growing cybercrime risk will put your IT security to the test. A breach as a result of poor security could cost your business a hefty sum, not to mention damage the reputation of your brand.
How can you prepare?
If you do anything in 2016 to prepare, start by raising your awareness of the General Data Protection Regulations. There are multiple sources outlining the GDPR with details of the enforced regulations and penalties. Official documents will provide the most up to date information to help you learn all about GDPR.
A clear understanding of the regulations will help you consider how this will affect your business and your sector as a whole. If your sector is already highly regulated, then the GDPR could dramatically impact your organisation in order to maintain compliance. Understanding all of this information and how it impacts your SMB will help you plan ahead and set clear priorities.
Remember, when the GDPR official rolls out your data protection process and security measures will continually be put to the test. It’s, therefore, important to consider this in your strategy to protect your business from 2018 onwards.
Cyber threats are becoming increasingly sophisticated. For online businesses, this makes cyber security a critical priority. If you manage an online business, whether this is …
Cyber threats are becoming increasingly sophisticated. For online businesses, this makes cyber security a critical priority.
If you manage an online business, whether this is an online shop or internet-based service then you operate in a dangerous arena. The evolving threat landscape reveals how cyber criminals are becoming increasingly ambitious to cause chaos and get their hands on sensitive data.
At this festive time of the year, every online shop will be put to the test. The high demand tests not just your efficiency and customer service capabilities but also the strength of your online security.
As we move closer to the end of the year, a proactive cyber security strategy is essential. Experts are predicting a difficult year for security in 2017, therefore planning ahead is crucial to secure your business.
Here are 3 key reasons why your online business needs to strength cyber security:
Maintain customer trust
People are becoming increasingly cautious about where they shop online. Large-scale data breaches often make headlines and this puts doubt in the buyer’s mind. Multiple reports have revealed that customers lose trust in a brand following a cyber security breach. To keep your customers loyal, it’s crucial to prioritise cyber security across your organisation and proactively evolve your approach.
Data protection regulations
All businesses need to prepare and adapt processes in light of the impending general data protection regulations. If your business operates online, it’s highly vulnerable to a damaging attack. When the new data protection regulation come into effect a breach could come with a huge cost implication. Consider how you store, manage and record sensitive data.
Online payment fraud
Hackers are targeting e-commerce sites looking to steal credit card information. With this type of activity on the rise, it’s important to implement measures to protect your customers. Look at setting up verification systems and confirm that your site is PCI compliant. Your website needs particular attention to not only prevent fraud but also manage suspicious activity which could impact your business.
Cyber criminals are targeting small businesses. It’s important to understand the key threats and proactively keep these out of the workplace. We often hear about …
Cyber criminals are targeting small businesses. It’s important to understand the key threats and proactively keep these out of the workplace.
We often hear about large-scale cyber-attacks in large organisations, but cybercriminals are not letting SMBs off the hook. It’s been reported that 1 in 40 small businesses are at risk of becoming a victim of cybercrime. Unfortunately, it’s often the case that small businesses are ill-equipped when it comes to cyber security. This can usually be caused by lack of understanding, awareness and lack of resource.
Take action against cybercrime
As we near the end of 2016, it’s advisable for businesses to reflect on this turbulent year of cyber security breaches. These cyber-attacks clearly demonstrate the growing dangers of the online world, which is something that no business can avoid.
To keep your small business secure, start by improving your awareness. If you understand the threats targeting your business it’s easier to prioritise solutions to build a well-rounded cyber security strategy.
Prepare your business for 2017
Looking ahead to next year, don’t make the mistake of overlooking cyber security. With new regulations such as the impending GDPR, it’s no longer possible to hide from cybercrime and the implications of a cyber breach. Don’t head into 2017 without a cyber security shield around your business.
For advice on this important topic, contact our expert team to discuss your cyber security concerns.
Cyber threats are real. The horror stories that make headlines reveal the dangerous truth and these real examples serve as a cautionary tale to us …
Cyber threats are real. The horror stories that make headlines reveal the dangerous truth and these real examples serve as a cautionary tale to us all.
A recent ONS report has revealed that over the past year 1 in 10 adults in the UK were affected by cybercrime. As the world of online crime evolves, it has a grave impact on businesses all over the world.
Cybercrime comes in many forms. From the ransomware attack, that holds your data hostage to the large-scale extortion attack that causes widespread damage. In short, the online world is becoming increasingly dangerous. It’s therefore, essential to grasp an understanding of the threats, learn how to avoid them and implement a security shield around your business.
View our collection of 6 scary cybercrime statistics and take action today! Click to expand the image below.
Following the high profile DDoS attacks last week here at the key facts to know about DDoS and how this could impact your business. When …
Following the high profile DDoS attacks last week here at the key facts to know about DDoS and how this could impact your business.
When leading corporates are hit by a large-scale cyber-attack the whole world pays attention. This was the case last week when a DDoS attack impacted a string of large online organisations, including a social media site and music streaming service.
The truth is DDoS attacks are on the rise. Only a few months ago a report revealed that DDoS attacks have increased “over 125 percent year over year”.
To protect your business, consider these key facts about DDoS attacks:
DDoS means Distributed Denial of Service
A DDoS attack denies services of a website (network or server). Without getting too technical, this attack disrupts the service by overwhelming or bombarding the target with a high volume of requests/traffic. This causes disruption to the website making it unavailable to legitimate users.
DDoS attacks are difficult to block
The malicious traffic can involve a of number computers, from all over the world. It’s, therefore, difficult to stop and defend against an attack. There are solutions available to limit the impact to ensure a DDoS attack doesn’t cause too much havoc!
What are the signs of a DDoS attack?
Usually, you will notice slow page load on your business website, transaction failures and failure to load or connect to the site.
These attacks are costly!
A DDoS attack is not only frustrating for users within your business, it’s incredibly frustrating for your site users. A denial of service can lead to significant downtime which can be highly costly. A 2014 survey of 270 organisations revealed that DDoS attacks cost an average of £25,000 p/hour with attacks lasting an average of 6 hours.
Small businesses are a target
Whilst a DDoS attack can take down a large organisation, small businesses are also a prime target. Reports show that in the third quarter of 2015 attacks on small organisations increased by 180%. A DDoS attack on a small business can be highly damaging. The loss of business is costly and often many small businesses do not have the resource to rapidly recover services and protect from future attacks.