Business owners believe that the cost for IT investment is not a top priority compared to other business costs and are not taking responsibility or ownership for IT protection – an ongoing “burying their heads in sand”.
Nine in ten small businesses and start-ups are vulnerable to cyber attacks, loss of customer and business data and other IT risk which could result in the entire loss of business, according to research published by global job board CareersinAudit.com.
This is a real issue and one that most business owners continue to ignore.
But they must not underestimate the risks posed to their business both internally and with their client relationships.
As our online footprints continue to develop planning and taking action on this important issue must now be something on the agenda for every management team.
Education is key! Most SMEs do not understand the risks to their businesses and how catastrophic a cyberattack could be. It is not just about losing important data or the ability to operate but also the confidence of your customers. They must know the risks, threats and plan appropriately. “SMEs must not underestimate the real threat facing their businesses today and into the future.”