As someone who runs a business, you’re faced with more issues about cybersecurity now than ever before. Even the smallest company now depends heavily on the internet to do business. Even a minor security breach can cost you thousands of dollars, as well as the trust of your customers.
That’s why you must remain constantly vigilant.
The nature of the cyberthreat landscape changes daily. In 2018, the following issues are shaping the cybersecurity response.
1. There’s a Shortage of Experts
The sheer amount of variable cyberthreats is growing, requiring more expert input to protect your company’s data. Unfortunately, there is a shortage of experts available to safeguard your data.
Those who have the training can afford to specialize in security. As a result, these specialists then charge premium rates for their knowledge. Keeping your own cyber expert on staff is useful, though probably not very cost-effective.
Related: 4 Components of Network Security You Need
Finding a quality managed security company is necessary for gaining access to the security expertise your business needs.
2. The Passing of the GDPR
In May, the European Union’s compliance regulations act, the GDPR, or General Data Protection Regulation, went into effect.
The law changes the way the EU defines “personal data”. It’s worth the time oforUS businesses to look at the law and anticipate a similar law affecting us within a few years. This law will affect the data storage practices of client-side data, as well as the way businesses protect that data.
Should the US follow similar guidelines for the GDPR, businesses can expect similar compliance violation fines.
Did You Know? GDPR fines businesses noncompliant businesses with 10 million Euro (11.5 million USD), or 2% of the worldwide annual revenue of the prior financial year.
3. Data Breaches are Getting Bigger
2017 was a banner year for cyber hackers. With massive companies like Equifax and Yahoo taking some big hits, experts agree that 2018 will likely continue to bring more and bigger data breaches since many companies are still relying on outdated protections methods.
On the other hand, hackers are using more sophisticated methods and tools than ever before. The good news is that cybersecurity protection is evolving along with these changes.
Related: Knowledge is Power and Strength Against Cyber Security Threats
Talk to a cybersecurity expert to see how you can protect your small business with modern, next-generation methods.
4. Consumer-focused Attacks Are Commonplace
Businesses have long been under attack by ransomware, a type of malware that hackers use to hold your system hostage until you pay a ransom to regain control of your programs and data.
Experts predict that these attacks will increase and become more effective as encryption methods and malware delivery systems evolve. In addition, individual consumers will come under attack through a variety of devices, including innocuous smart devices that are connected to an unprepared network.
What Can You Do?
Cybersecurity experts are employing more advanced technology than ever before, but hackers are keeping up. As a result, experts are predicting a greater number of effective attacks on both businesses and individuals this year.
So what can you do? Talk to Axxys.
We can help you secure your business from data breaches, malware, and shifting industry trends.